A condition precedent to an insurance contract is the

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Insurance WAEC 2018

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 checkmark

The correct answer is: D

Explanation

 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.

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