The insured is the?

Assessment: WAEC SSCE - Commerce - 1989 (Objective) Subject: Commerce

Question 1 Report

The insured is the?
Answer Details
The insured is the person or entity that has purchased an insurance policy from an insurance company. In other words, the insured is the customer or client of the insurance company who is protected by the policy in case of a covered loss or event. The insurance company agrees to provide financial compensation to the insured for any covered losses or damages, in exchange for the payment of premiums by the insured.

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