One disadvantage of insurance is: - SchoolNGR

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One disadvantage of insurance is:

One disadvantage of insurance is:

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

A Provision of compensation
B Encouragement of investments
C Payment of regular premiums
D Reduction of business fears

Correct Answer: Option C

Explanation:
Policyholders must continue paying premiums regularly whether losses occur or not.

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