by Sunday | Oct 17 | Insurance WAEC
A. heating B. earthquake C. civil commotion D. spontaneous combustion Correct Answer: Option B B. earthquake Explanation Natural peril; This category includes such perils as injury and damage caused by natural elements such as rain, ice, snow, typhoon, hurricane,...
by Sunday | Oct 17 | Insurance WAEC
A. insured B. insurer C. reinsurer D. broker Correct Answer: Option A A. insured Explanation A Loss Assessor is appointed by the policyholder when they need to submit a substantial or complex claim. All fees are paid by the Policyholder....
by Sunday | Oct 17 | Insurance WAEC
A. N20,000 B. N120,000 C. N80,000 D. N100,000 Correct Answer: Option C C. N80,000
by Sunday | Oct 17 | Insurance WAEC
A. a loss adjustor B. a loss assessor C. a consultant D. an investigator Correct Answer: Option B B. a loss assessor Explanation A Loss Assessor is appointed by the policyholder when they need to submit a substantial or complex claim. All fees are paid by the...
by Sunday | Oct 17 | Insurance WAEC
A. N5,000 B. N115,000 C. N120,000 D. N235,000 Correct Answer: Option A A. N5,000
by Sunday | Oct 17 | Insurance WAEC
A. name of the proposal B. carriage of a fare-paying passenger C. description of the proposers’ premises D. methods of construction Correct Answer: Option A A. name of the proposal Explanation Proposal (application) forms are questionnaires issued by the insurer...