Post Utme Pan Atlantic University 2017 Commerce Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2017 Commerce Objective / Multiple Choice
Question 31 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
A
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 31. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Commerce examination.

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