ExamPlay Light Logo
로그인

WAEC - Insurance (2016 - No. 40)

Ex-gratia payment is made where there is
no legal liability obligation
legal liability obligation
need to refund a premium
delay in payment of compensation

설명

ex gratia payment. A sum of money paid when there was no obligation or liability to pay it. For example, a lump sum payment over and above the pension benefits of a retiring employee. In insurance claims, it may take the form of payment for which the insurer did not appear to be liable.

댓글 (0)

댓글을 달려면 로그인하세요
광고
BrainBehindX Inc Logo
©2026; 에 의해 구동 BrainBehindX Inc