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JAMB Commerce 2013 Question 14

Question 14

Insurance

An undertaking given by a person to another assuring his integrity is

  1. A.proximate clause.
  2. B.fidelity guarantee.
  3. C.subrogation.
  4. D.insurable interest.
Show the answer and explanation

Answer: B (fidelity guarantee.)

Explanation

Fidelity guarantee insurance protects an employer against loss from the dishonesty of employees.