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WAEC Commerce 2013 Objective — Question 48

Question 48 of 50 from the West African Examinations Council (WAEC) Commerce 2013 Objective paper, with the correct answer and a full explanation.

The insurance principle of indemnity does not apply to

A. fire insurance
B. life assuranceCorrect
C. burglary insurance
D. marine insurance

Explanation

In life assurance, the assured cannot be indemnified.

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