Which of the following insurance principles states that a...
Which of the following insurance principles states that a person must be in a position to suffer financially in the event of a loss?
Proximate cause
Indemnity
Insurable interest
Subrogation
Correct answer is B
Indemnity insurance is a contractual agreement in which one party guarantees compensation for actual or potential losses or damages sustained by another party.
An example of a consumer protection agency is the? ...
One of the functions of the Nigeria Ports Authority is the provision of? ...
Which of the following is a matter of personal preference on the part of a superior officer? ...
The merchant wholesaler is referred to as ...
Which of the following organizations look after harbours, docks and waterways in Nigeria? ...
The means by which printed messages sent by cable are recorded is called? ...