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WAEC Commerce 2012 Question 26

Question 26

Insurance

One of the principles of insurance is

  1. A.consequential loss.
  2. B.fidelity guarantee.
  3. C.proximate cause.
  4. D.surrender value.
Show the answer and explanation

Answer: C (proximate cause.)

Explanation

Proximate cause is a principle of insurance; the others are types of policy or terms.