Business Studies > 2020 PAPER II > 10
BECE/Junior WAEC
The principle of indemnity states that the insured should
A.
be compensated at the event of a loss
B.
collect compensation from only one insurer
C.
claim what was lost to the third party through legal means
D.
disclose all material information
E.
have financial risk in the object insured
Answer: A
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