An insurance principle that prevents a person from insuring what he does not stand to lose financially if the insured risk occurs is?

By: |Published on: Mar 16|Categories: Commerce WAEC| 0 comments

A. indemnity
B. insurable interest
C. proximate cause
D. subrogation

Correct Answer: Option B

B. insurable interest

Users Also Read These:

SEE ALSO  A document issued by the seller's own courier and signed by the customer to acknowledge receipt of the goods is?

Copyright warnings! Do not copy.