WAEC Commerce 2020 Objective — Question 30
Question 30 of 50 from the West African Examinations Council (WAEC) Commerce 2020 Objective paper, with the correct answer and a full explanation.
Advertisement
An insurance policy which is not a contract of indemnity is
- A. burglary insurance
- B. fire insurance
- C. life assuranceCorrect
- D. motor insurance
Explanation
When a policy is not indemnifiable, it is an endowment; that applies to life assurance.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.