The claims on kayode's shop would be paid by
The correct answer is A. musa and okon insurance company
The principle of contribution comes in play here. The principle holding that two or more insurers each liable for a covered loss should participate in the payment of that loss. Having paid its share of a loss, an insurer may be entitled to equitable contributionâa legal right to recover part of the payment from another insurer whose policy was also applicable.
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