Post Utme Unilag 2022 Commerce Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Unilag Commerce examination.

Post Utme Unilag 2022 Commerce Objective / Multiple Choice
Question 4 POST_UTME_UNILAG • 2022 • COMMERCE • objective

A company is considering the purchase of a new insurance policy to protect against potential losses. The policy has a premium of ₦10,000 per year and a deductible of ₦5,000. Which of the following best describes the type of insurance policy the company is likely to purchase?

Answer Options

Correct Answer A. Excess insurance policy
B. Deductible insurance policy
C. Excess of loss insurance policy
D. Stop-loss insurance policy
Correct Answer
A
Correct Option:
Excess insurance policy

About This Question

This is Post Utme Unilag 2022 Commerce Question 4. It is one of the objective questions from the 2022 Post Utme Unilag Commerce examination.

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