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The insurance principle of indemnity does not apply to

Commerce
WAEC 2013

The insurance principle of indemnity does not apply to

  • A. fire insurance
  • B. life assurance
  • C. burglary insurance
  • D. marine insurance
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Correct Answer: Option B
Explanation

The principle of indemnity does not apply to life insurance because, the human being can not easily be evaluated.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts