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WAEC Commerce 1995 Question 34

Question 34

Insurance

Which of the following is a non- indemnity insurance?

  1. A.Marine
  2. B.Life
  3. C.Fire
  4. D.Bad debts
  5. E.Burglary
Show the answer and explanation

Answer: B (Life)

Explanation

A life cannot be valued in money, so life assurance pays an agreed sum rather than indemnity.