Question on: JAMB Commerce - 2024
A typical example of an event covered by an Assurance Policy is
A
accident
B
death
C
burglary
D
fire
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Correct Option: B
An assurance policy provides financial protection against events that are certain to happen, such as death or the policyholder reaching a certain age. The other options (accident, burglary, and fire) are events that may or may not happen.
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