One of the principles of insurance is
COMMERCE
WAEC 2012
One of the principles of insurance is
- A. consequential loss
- B. fidelity guarantee
- C. proximate cause
- D. surrender value
Correct Answer: C. proximate cause
Explanation
Proximate cause is an insurance principle that refers to the first event, or first peril, in a series of events that cause damage in an insurance claim.
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