Madam Tope insured her shop premises for the sum of D60,0...
Madam Tope insured her shop premises for the sum of D60,000, when insuring the shop,she did not tell the Insurance company that she cooks in the shop, but told the insurance company that she sells second hand clothes. Hence she insured her store against natural causes. Tope's shop got burnt yesterday by fire from the cooking pot.
Which of the following insurance principles will prevent her from claiming compensation?
indemnity
insurable interest
Proximate cause
Utmost good faith
Correct answer is C
No explanation has been provided for this answer.
The entertainment industry is classified under ...
Under normal circumstances, a business enterprise can be ideally structured ...
The first known legislation to protect consumer rights in Nigeria is the? ...
An agreement to deliver goods in the future after payment of the final installment is known as? ...
The temporary insurance certificate issued to the insured before drawing up a policy is a? ...
Which of the following towns was important to the trans-Saharan traders? ...
Which of the following is a commercial service? ...
which of the following is not the function of a small? retailer ...