The payment made to the insured for loss incurred is?

By: |Published on: Jul 23|Categories: Commerce WAEC| 0 comments

A. premium
B. indemnity
C. ex gratia payment
D. surrender value
E. interest

Correct Answer:

Option B – indemnity

Users Also Read These:

SEE ALSO  Which of the following services is not rendered by commercial banks?

Copyright warnings! Do not copy.