If Mr Olu insures Mr Obi's house, the insurer may, in event of a loss, refuse to pay compensation based on the principle of - SchoolNGR

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If Mr Olu insures Mr Obi's house, the insurer may, in event of a loss, refuse to ...

If Mr Olu insures Mr Obi's house, the insurer may, in event of a loss, refuse to pay compensation based on the principle of

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Utmost good faith
B Subrogation
C Insurable interest
D Indemnity
E Contribution

Correct Answer: Option C

Explanation:

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