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The Amount Of Insurance Premium To Be Paid Depends On The? - Erudites Academy
Commerce WAEC

The amount of insurance premium to be paid depends on the?

A. supply and demand of a particular company’s service
B. extent of the possible loss and the frequency of the risk
C. number of insurance companies in a place
D. amount of profit to be made by the insurer

Correct Answer: Option C

C. number of insurance companies in a place

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