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One of the principles of insurance is

Commerce
WAEC 2012

One of the principles of insurance is

  • A. consequential loss
  • B. fidelity guarantee
  • C. proximate cause
  • D. surrender value
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Correct Answer: Option C
Explanation

Proximate cause is an insurance principle that refers to the first event, or first peril, in a series of events that cause damage in an insurance claim.

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