The compensation would be calculated as
...use the following information to answer the question below.
Basanya's vehicle was hit at the rear by jaguna's vehicle. The two vehicles had a minimum cover. estimate of repairs were as follows;
Basanya's vehicle - N155,000; jaguna's vehicle- N75,000
The compensation would be calculated as
N75,000 payable to jaguna
N80,000 payable to jaguna
N155,000 payable to basanya
N230,000 payable to basanya
Correct answer is A
No explanation has been provided for this answer.
A policy that covers a trader against the risk of payment default by customer is ...
Non-indemnity insurance policies are referred to as ...
The document used by the insurer to ask questions about a risk to be covered is ...
one of the feature of ''with profit whole life assurance'' is that profit is allocat...
when a policy is cancelled before its expiry date, what is owed to the insured is ...
A risk considered as sub standard in future can be dealt with by insurers through (i) premiu...