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fidelity guarantee insurance is a cover against loss arising from

Commerce
WAEC 2016

fidelity guarantee insurance is a cover against loss arising from

  • A. trade debt
  • B. personal accident
  • C. dishonest staff
  • D. fire disaster
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Correct Answer: Option C
Explanation

Fidelity Guarantee insurance is an insurance policy designed to indemnify the Insured (the employer) for the loss of money or property sustained as a direct result of acts of fraud, theft or dishonesty by an employee in the course of employment.


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