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The amount of insurance premium to be paid depends on the

Commerce
WAEC 2004

The amount of insurance premium to be paid depends on the
  • A. supply and demand of a particular company's service
  • B. extent of the possible loss and the frequency of the risk
  • C. number of insurance companies in a place
  • D. amount of profit to be made by the insurer
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Correct Answer: Option C
Explanation
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WAEC and NECO CBT Software for Computers and Laptops - 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
Post UTME Past Questions Agent
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
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now