by Sunday | Oct 16 | Insurance WAEC
(i) premium loading (ii) double insurance (iii) excess imposition A. I and II B. I and III C. II and III D. I,II and III Correct Answer: Option B B. I and III Explanation premium loading; The amount an insurer needs to cover its expenses and generate profit. Excess...
by Sunday | Oct 16 | Insurance WAEC
A. investigate the loss B. assess the risk C. present a claim D. appoint a loss assessor Correct Answer: Option B B. assess the risk Explanation Once you are injured in an accident, receiving compensation is more than just a simply filing a claim with the guilty...
by Sunday | Oct 16 | Insurance WAEC
A. double insurance B. reduction of cover C. absence of agreement D. financial distress Correct Answer: Option A A. double insurance Explanation Double Insurance: Situation in which the same risk is insured by two overlapping but independent insurance policies. When...
by Sunday | Oct 16 | Insurance WAEC
A. subject matter of insurance B. subject matter of the contract C. assignment of the contract D. deed of the contract Correct Answer: Option C C. assignment of the contract Explanation An assignment of contract occurs when one party to an existing contract (the...
by Sunday | Oct 16 | Insurance WAEC
A. endorsement B. certificate C. proposal form D. cover note Correct Answer: Option D D. cover note Explanation Cover Note: A cover note is a temporary document issued by an insurance company that provides proof of insurance coverage until a final insurance policy can...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.