Hazard in insurance means? - SchoolNGR

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Hazard in insurance means?

Hazard in insurance means?

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

A A situation that posses a threat to life or property
B A situation where there is no agreement
C Event that cannot legally be insured
D Event that has been insured in the past

Correct Answer: Option A

Explanation:
Hazard is a condition or situation that increases the chance of loss in an insured risk.

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