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? ...
Non-indemnity insurance policies are referred to as ...
Term insurance benefits are payable ...
The document used by the insurer to ask questions about a risk to be covered is ...
The second document issued to the Eke is ...
when a policy is cancelled before its expiry date, what is owed to the insured is ...