Get premium membership and access questions with answers, video lessons as well as revision papers.

State four circumstances that an insurance company will not compensate for a loss incurred.

      

State four circumstances that an insurance company will not compensate for a loss incurred.

  

Answers


kinyua
-Discovering of concealed information/lack of utmost good faith.
- Loss caused by negligence/carelessness..
-Loss caused deliberately/intentionally/willful action
-No close link between risk and cause of a loss.(not caused by proximate cause)
-Where a loss is catastrophic.
-Where an insurer is unable financially/bankrupt.
-Where a company has collapsed/closed down.
-Late claim/reporting the risk late.
monica20 answered the question on October 14, 2017 at 10:03


Next: Highlight four advantages of using E-mail for communication purposes.
Previous: Explain five benefits of turning Private Limited Company into Public limited company

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions