An agreement by the insurer to compensate the insured for losses suffered is?

Commerce

JAMB 2007

A. policy
B. surrender value
C. caveat emptor
D. indemnity

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Correct Answer: Option D

Explanation

Indemnity in insurance refers to an insurance policy that compensates an insured party for certain unexpected damages or losses up to a certain amount

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An agreement by the insurer to compensate the insured for losses suffered is?

Correct Answer: Option D

Explanation

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