Commerce WAEC

When an assured is unable to honor his obligation in an insurance contract thereby terminating it before maturity he could only receive?

A. indemnity
B. the sum insured
C. the surrender value
D. compensation
E. premium

Correct Answer:

Option C – the surrender value

Sunday

Share
Published by
Sunday
Tags: Commerce
5 years ago

Recent Posts

GNS 322 Theory Questions: The Evolution of Women’s Roles in Nigerian Society

300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

8 hours ago

GNS 322 Theory Questions: Advantages of Large and Small Family Units

300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

8 hours ago

GNS 322 Theory Questions: The Evolving Roles of Women in Modern Society

300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

9 hours ago

GNS 322 Theory Questions: The Family as a Fundamental Social Institution and Nigerian Child-Rearing Attitudes

300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

11 hours ago

GNS 322 Theory Questions: Concepts of Marriage, Family, and Kinship

300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

12 hours ago

GNS 322 Theory Questions: Family Planning: Social Reactions, Advantages, Methods and Medical Roles

300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

12 hours ago