Insurance

The insurance professional who assists the third party to evaluate the extent of loss in a motor accident is?

A. a loss adjustor B. a loss assessor C. a consultant D. an investigator Correct Answer: Option B B. a…

5 years ago

A general question in an insurance proposal form is?

A. name of the proposal B. carriage of a fare-paying passenger C. description of the proposers' premises D. methods of…

5 years ago

Insurers requesting for membership of Nigeria Insurers Association is required by law to?

(i) have been registered with NAICOM (ii)operate with sound insurance principles (iii) hold membership of CHN (iv) ascribe to the…

5 years ago

The winding-up of insurance is legally required to be based on a petition written from not less than?

A. 30 policy-holders B. 40 policy-holders C. 50 policy-holder D. 60policy-holders Correct Answer: Option C C. 50 policy-holder Explanation The…

5 years ago

Contract of insurance which involves large industrial risks are handled for protection through the completion of?

A. a proposal form B. a policy form C. an endorsement D. a slip Correct Answer: Option A A. a…

5 years ago

The document used pending the issuance of a certificate in motor insurance policy is?

A. a cover note B. a proposal form C. an endorsement D. a slip Correct Answer: Option A A. a…

5 years ago

The form of term assurance that operates three options which must be excised before maturity is?

A. decreasing term insurance B. increasing term insurance C. level term insurance D. convertible term insurance Correct Answer: Option D…

5 years ago

Extension cover under money insurance policy doesn’t include?

A. shortage B. hold-up C. personal injury D. damaged to safe Correct Answer: Option A A. shortage Explanation Money insurance…

5 years ago