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Jamb Commerce Past QuestionsJamb Past Questions and Answers on Principles of insuranceQuestion 16:The insurance principle that requires full disclosure of information on the insured is known as ? A. Indemnity B. Caveat emptor C. Subrogation D. Uberrimae Fidel Question 17:A document that embody the conditions and exceptions attached to the contract is A. Proposal form B. Cover note C. The policy D. Insurance certificate Question 18:
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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