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The principle of insurance that prevents the insured from benefiting in an event where he...

Commerce
NECO 2007
The principle of insurance that prevents the insured from benefiting in an event where he suffers no material or financial loss is
  • A. Indemnity
  • B. insurable
  • C. proximate cause
  • D. subrogation
  • E. utmost good faith
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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
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
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts