THE ECONOMIC AND IMPORTANCE OF MOTOR INSURANCE IN OUR SOCIETY
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Insurance can be seen from many points of view according to Hezen Ibeabuchi I. (2000) introduction to insurance, she postulate that insurance is a process of transferring a risk from one party to another. Secondly, insurance can be defined as a contract between two parties the insurer and the insured (proposer), whereby the insured pay a relative amount of money called premium to ...
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