Insurance WAEC

Hazard in insurance means?

A. a situation that poses 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

A. a situation that poses a threat to life or property

Explanation

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

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