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A claimant who is not legally entitled to a claim under an insurance contract may...

Insurance
WAEC 2018

A claimant who is not legally entitled to a claim under an insurance contract may be offered a payment on?

  • A. constructive total loss basis
  • B. partial loss basis
  • C. advice of loss basis
  • D. ex-gratia basis
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Correct Answer: Option D
Explanation

Ex gratia (/ˌɛks ˈɡreɪʃiə/; also spelled ex-gratia) is Latin for "by favour", and is most often used in a legal context. When something has been done ex gratia, it has been done voluntarily, out of kindness or grace.


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