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An insurance policy which is not a contract of indemnity is

Commerce
JAMB 2022

An insurance policy which is not a contract of indemnity is

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

Contract of indemnity is a contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person

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