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What insurance principle has Mr. R violated if he decides to overstate the actual ...

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NAME INSUREDAMOUNT(₦) ACTUALVALUE(₦) ACTUALLOSS(₦)
Mr. PMr. KMr. R 25,00030,00040,000 100,000120,000150,000 30,00040,00050,000



What insurance principle has Mr. R violated if he decides to overstate the actual value of his property?

A. insurable interest
B. uberrimae fidei
C. subrogation
D. indemnity




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