A condition precedent to an insurance contract is the

Insurance

WAEC 2018

A. extent of the cover granted
B. right to cancel the insurance contract
C. right to take possession of damaged property
D. existence of the subject matter of insurance

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Correct Answer: Option D

Explanation

Contract Subject matter of insurance is the life, limbs, property, rights or any potential legal liability insured under a policy.Subject matter of contract is the insured's financial interest in the subject matter of insurance.

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A condition precedent to an insurance contract is the

Correct Answer: Option D

Explanation

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