Insurance

The second document issued to the Eke is?

Eke bought a new car for N1.5M. The practice in the insurance industry is to pay 10% of the value…

5 years ago

The document issued to Eke within one week of the contract is?

Eke bought a new car for N1.5M. The practice in the insurance industry is to pay 10% of the value…

5 years ago

What is the premium payable for the comprehensive cover?

Eke bought a new car for N1.5M. The practice in the insurance industry is to pay 10% of the value…

5 years ago

The policy cover with Musa insurance is?

Adekunle bought a car for N2,000,000. he insured it with Musa insurance company and Okon insurance company for N600,000 and…

5 years ago

The claims on Kayode’s shop would be paid by?

Adekunle bought a car for N2,000,000. he insured it with Musa insurance company and Okon insurance company for N600,000 and…

5 years ago

The maximum amount to be paid for Kayode’s shop that was damaged is?

Adekunle bought a car for N2,000,000. he insured it with Musa insurance company and Okon insurance company for N600,000 and…

5 years ago

The insurance cover a businessman who buys goods from Lagos and wants to transport it to kano would require is?

A. marine insurance B. business interruption insurance C. theft insurance D. goods in transit insurance Correct Answer: Option D D.…

5 years ago

The first insurance company to establish its branch office in Nigeria is?

A. Norwich insurance company B. Royal exchange assurance C. Yorkshire insurance company D. phoenix of Nigeria assurance company Correct Answer:…

5 years ago

The policy which covers either death or disability resulting from an injury is?

A. personal accident insurance B. fidelity guaranteed C. sickness insurance D. motor insurance Correct Answer: Option A A. personal accident…

5 years ago

The document used by the insurer to ask questions about a risk to be covered is?

A. certificates B. proposal form C. policy form D. schedule Correct Answer: Option B B. proposal form Explanation A proposal…

5 years ago