WAEC Commerce 2007 Question 37

Question 37

Insurance

Which of the following is referred to as the oldest form of insurance?

  1. A.Marine insurance
  2. B.Burglary insurance
  3. C.Whole life assurance
  4. D.Accident insurance.
Show the answer and explanation

Answer: A (Marine insurance)

Explanation

Marine insurance is the oldest form of insurance.