WAEC - Insurance (2018 - No. 16)
A condition precedent to an insurance contract is the
extent of the cover granted
right to cancel the insurance contract
right to take possession of damaged property
existence of the subject matter of insurance
Paskaidrojums
Contract Subject matter of insurance is the life, limbs, property, rights or any potential legal liability insured under a policy.Subject matter of contract is the insured's financial interest in the subject matter of insurance.