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When an assured is unable to honor his obligation in an insurance contract thereby terminating...

Commerce
WAEC 1997
When an assured is unable to honor his obligation in an insurance contract thereby terminating it before maturity he could only receive
  • A. indemnity
  • B. the sum insured
  • C. the surrender value
  • D. compensation
  • E. premium
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Correct Answer: Option C
Explanation
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent