Utme 2018 Commerce Question 35

Practice objective / multiple choice question 35 from the 2018 Utme Commerce examination. This question covers Insurance .

Utme 2018 Commerce Objective / Multiple Choice 2 Difficulty
Topic: Insurance
Question 35 UTME • 2018 • COMMERCE • objective

Insurance companies operate on the principle of indemnity. This means that an insured person or firm collects

Answer Options

A. double the value of loss suffered
B. only half of the loss suffered
C. the total sum of the premiums paid prior to the loss
Correct Answer D. the total sum of the loss
Correct Answer
D
Correct Option:
the total sum of the loss

About This Question

This is Utme 2018 Commerce Question 35. It is one of the objective questions from the 2018 Utme Commerce examination.

The question covers Insurance .

Difficulty level: 2 .

View More Utme 2018 Commerce Questions More Utme Practice Questions Back to Questions

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