by Sunday | Oct 17 | Insurance WAEC
A. non-life requires renewal while life does not B. life requires renewal while non-life does not C. life is subject to indemnity while non-life is not D. non-life is subject to compensation while life is not Correct Answer: Option D D. non-life is subject to...
by Sunday | Oct 17 | Insurance WAEC
A. private car policy B. agricultural policy C. special type policy D. motor trades policy Correct Answer: Option C C. special type policy
by Sunday | Oct 17 | Insurance WAEC
A. insurable interest B. goodwill C. premium D. valuable consideration Correct Answer: Option A A. insurable interest Explanation Insurable interest is defined as the reasonable concern of a person to obtain insurance for any individual or property against unforeseen...
by Sunday | Oct 17 | Insurance WAEC
A. fidelity guarantee insurance B. marine insurance C. life insurance D. motor insurance Correct Answer: Option D D. motor insurance Explanation No-claim bonus (NCB) is a discount in premium offered by insurance companies if a vehicle owner has not made a single claim...
by Sunday | Oct 17 | Insurance WAEC
A. cashiers handling cash B. all staff that may handle cash C. cash from office to bank D. all receivables of the company Correct Answer: Option B B. all staff that may handle cash Explanation Fidelity Guarantee policy indemnifies against the infidelity of an employee...
by Sunday | Oct 17 | Insurance WAEC
A. loss adjuster B. insurance broker C. actuary D. surveyor Correct Answer: Option C C. actuary Explanation An actuary is a business professional who deals with the measurement and management of risk and uncertainty. Being an actuary means having highly valued...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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