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A condition precedent to an insurance contract is the

A condition precedent to an insurance contract is the
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Extent of the cover granted
  • B Right to cancel the insurance contract
  • C Right to take possession of damaged property
  • D Existence of the subject matter of insurance
Correct Answer: Option D
Explanation:
Subject matter of insurance is the life, limbs, property, rights or any potential legal liability insured under a matter of contract is the insured's financial interest in the subject matter of insurance.

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