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JAMB Commerce 2003 Question 11

Question 11

Insurance

A guarantee given by one person or party to another in which the integrity of the person is assured is

  1. A.fidelity
  2. B.term assurance
  3. C.subrogation
  4. D.indemnity
Show the answer and explanation

Answer: A (fidelity)

Explanation

Fidelity guarantee insures an employer against loss caused by the dishonesty of an employee, so it guarantees a person's integrity.