A. endowment policy B. whole life insurance C. annuity policy D. term insurance Correct Answer: Option A A. endowment policy…
A. operative clause B. recital clause C. heading D. schedule Correct Answer: Option A A. operative clause Explanation The Operative…
A. agent B. consultant C. broker D. adjuster Correct Answer: Option C C. broker Explanation An insurance broker is a…
A. stock insurance B. trade insurance C. fidelity insurance C. credit insurance Correct Answer: Option C C. fidelity insurance Explanation…
A. term assurance B. pure endowment C. whole life insurance D. personal accident insurance Correct Answer: Option A A. term…
A. insurable interest B. utmost good faith C. indemnity D. contribution Correct Answer: Option C C. indemnity Explanation An indemnity…
A. adjuster B. actuary C. assessor D. agent Correct Answer: Option B B. actuary Explanation An actuary is a business…
A. physical hazard B. moral hazard C. uninsured peril D. excepted peril Correct Answer: Option B B. moral hazard Explanation…
A. ceased to be life B. been temporarily suspended C. acquired a surrender value D. has been made paid-up Correct…
A. National Insurance Commission B. professional reinsurance Association of Nigeria C. Nigeria insurers Association D. Nigeria council of registered insurance…