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All the following are principles of insurance EXCEPT

Commerce
NECO 2000

All the following are principles of insurance EXCEPT

  • A. indemnity
  • B. insurable interest
  • C. particular average
  • D. subrogation
  • E. utmost good faith
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Correct Answer: Option C
Explanation

7 Principles of Insurance

  1. Utmost Good Faith
  2. Insurable Interest
  3. Proximate Cause
  4. Indemnity
  5. Subrogation
  6. Contribution
  7. Loss Minimization
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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
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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