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JAMB Commerce 2002 Question 16

Question 16

Insurance

Which of these insurance principles requires a close connection between the actual loss suffered and the risk insured

  1. A.Indemnity
  2. B.Proximate cause
  3. C.Contribution
  4. D.Subrogation.
Show the answer and explanation

Answer: B (Proximate cause)

Explanation

Proximate cause requires that the loss be directly caused by the risk insured against.