Search SchoolNGR

Wednesday, 28 October 2026
Register . Login

One of the principles of insurance is

One of the principles of insurance is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Proximate cause
  • B Fidelity guarantee
  • C Consequential loss
  • D Surrender value
Correct Answer: Option A
Explanation:
Proximate cause is an important principle of insurance. It determines the dominant or effective cause of a loss and helps establish whether the loss resulted from a peril covered by the insurance policy.

Share question on: