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Insurance companies operate on the principal of indemnity. This means that an insured ...
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Commerce Classroom
Jamb
Jamb 1998
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Insurance companies operate on the principal of indemnity. This means that an insured person or firm collector
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Only half of the loss suffered
B
Double the value of the losses suffered
C
The total sum of the premium paid prior to the loss
D
Damage claims equal to the loss suffered.
Show Answer
Show Explanation
Correct Answer:
Option D
Explanation:
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Study Subjects
Accounts - Principles of Accounts
Animal Husbandry
Aptitude Test
Agricultural Science
Arabic
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Block laying, bricklaying, and concreting work
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