The peril insured against by musa is
...musa lent obinna the sum of N2,000,000 i february 2015 which he promised to pay back at the end of the year.. musa decided to effect a life policy on obinna for a sum of N20,000
The peril insured against by musa is
the loan
death
bad debt
disability
Correct answer is B
No explanation has been provided for this answer.
Life policies can be used as a collateral for loan when the policy has? ...
Non-indemnity insurance policies are referred to as ...
A term insurance policy is cheap because? ...
A ''no claim discount'' will be granted under ...
An insurance that could be effected with profit feauture is ...
one of the duties of a loss adjustor is ...
A functional reinsurance is that it ...
To insure any property, the insured must have ...