WAEC Commerce 2020 Objective — Question 31
Question 31 of 50 from the West African Examinations Council (WAEC) Commerce 2020 Objective paper, with the correct answer and a full explanation.
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When a company insures the lives of all its employees' collectively, the policy is a
- A. accident insurance
- B. fleet insurance
- C. fidelity guarantee insurance
- D. group insuranceCorrect
Explanation
Group insurance is a policy undertaken to cover a group of people in a community or work place.
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