Post Utme Pan Atlantic University 2017 Commerce Question 25

Practice objective / multiple choice question 25 from the 2017 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2017 Commerce Objective / Multiple Choice

Question 25 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • COMMERCE • objective

The 'principle of indemnity' in insurance means

Answer Options

Correct Answer A. the insurer must pay the full amount of the loss

B. the insurer must pay the actual cash value of the loss

C. the insurer must pay the market value of the loss

D. the insurer must pay the face value of the loss

Correct Answer

Correct Option:

the insurer must pay the full amount of the loss

About This Question

This is Post Utme Pan Atlantic University 2017 Commerce Question 25. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Commerce examination.

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