WAEC Commerce 2015 Objective — Question 40
Question 40 of 50 from the West African Examinations Council (WAEC) Commerce 2015 Objective paper, with the correct answer and a full explanation.
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When two or more insurance companies come together to insure a single policy, the principle that applies is
- A. indemnity
- B. subrogation
- C. proximate cause
- D. contributionCorrect
Explanation
Contribution is a situation when two or more insurance companies come together to insure a single policy.
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