Utme 2017 Commerce Question 4

Practice objective / multiple choice question 4 from the 2017 Utme Commerce examination. This question covers Insurance .

Utme 2017 Commerce Objective / Multiple Choice 2 Difficulty
Topic: Insurance
Question 4 UTME • 2017 • COMMERCE • objective

The practices by which an insurance company accepts a very large risk and later shares it with other insurance companies is called

Answer Options

A. contribution
B. indemnity
C. subrogation
Correct Answer D. re-insurance
Correct Answer
D
Correct Option:
re-insurance

About This Question

This is Utme 2017 Commerce Question 4. It is one of the objective questions from the 2017 Utme Commerce examination.

The question covers Insurance .

Difficulty level: 2 .

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