When a company insures the lives of all its employees collectively, the policy is

Commerce

JAMB 2022

A. accident insurance
B. fleet insurance
C. fidelity guarantee insurance
D. group insurance

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Correct Answer: Option D

Explanation

Group insurance is taken to cover a group of people or workers.These are policies on a collective basis,assuring members of a particular group such as football team or a group of employees of a firm.

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When a company insures the lives of all its employees collectively, the policy is

Correct Answer: Option D

Explanation

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