If Mr Olu insures Mr Obi’s house, the insurer may, in event of a loss, refuse to pay compensation based on the principle of?

By: |Published on: Jul 21|Categories: Commerce WAEC| 0 comments

A. utmost good faith
B. subrogation
C. insurable interest
D. indemnity
E. contribution

Correct Answer:

Option C – insurable interest

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