JAMB Commerce 2015 Objective — Question 15
Question 15 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2015 Objective paper, with the correct answer and a full explanation.
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The deterrence between indemnity insurance and non-indemnity insurance is that the latter provides a cover for
- A. exporters against risk
- B. importers against risk
- C. consolation payment to the insuredCorrect
- D. full payment to the insured
Explanation
Non-indemnity insurance can only earn a person a consolation payment, not full payment, for a loss suffered.
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