If Mr Olu insures Mr Obi's house, the insurer may, in event of a loss,...
COMMERCE
WAEC 1998
If Mr Olu insures Mr Obi's house, the insurer may, in event of a loss, refuse to pay compensation based on the principle of
- A. utmost good faith
- B. subrogation
- C. insurable interest
- D. indemnity
Correct Answer: C. insurable interest
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