The claims on kayode's shop would be paid by
...The claims on kayode's shop would be paid by
musa and okon insurance company
musa insurance company
okon insurance company
Mr Adekunle only
Correct answer is A
The principle of contribution comes in play here. The principle holding that two or more insurers each liable for a covered loss should participate in the payment of that loss. Having paid its share of a loss, an insurer may be entitled to equitable contribution—a legal right to recover part of the payment from another insurer whose policy was also applicable.
The price paid for the purchase of insurance policy is? ...
A risk is classified uninsurable when the ...
A document issued by an insurer giving temporary protection to the insure is? ...
A method of providing indemnity under glass insurance policy is? ...
A ''no claim discount'' will be granted under ...
The part of a policy that describes the event that led to a loss is ...
insurers requesting for membership of Nigeria Insurers Association is required by law to? (i) hav...
The factor which increases the possibility of loss that emanates from the insured attitude is? ...