by Sunday | Oct 17 | Insurance WAEC
Adekunle bought a car for N2,000,000. he insured it with Musa insurance company and Okon insurance company for N600,000 and N800,000 respectively. on his way to his office, he had an accident that destroyed his windscreen valued at N30,000 and Kayode’s shop...
by Sunday | Oct 17 | Insurance WAEC
A. marine insurance B. business interruption insurance C. theft insurance D. goods in transit insurance Correct Answer: Option D D. goods in transit insurance Explanation Goods in Transit policy (GIT) covers the goods of the insured against fire, theft or accidental...
by Sunday | Oct 17 | Insurance WAEC
A. Norwich insurance company B. Royal exchange assurance C. Yorkshire insurance company D. phoenix of Nigeria assurance company Correct Answer: Option B B. Royal exchange assurance Explanation The Company started operations in Nigeria represented by Barclays Bank DCO...
by Sunday | Oct 17 | Insurance WAEC
A. personal accident insurance B. fidelity guaranteed C. sickness insurance D. motor insurance Correct Answer: Option A A. personal accident insurance Explanation Personal Accident insurance or PA insurance is an annual policy which provides compensation in the event...
by Sunday | Oct 17 | Insurance WAEC
A. certificates B. proposal form C. policy form D. schedule Correct Answer: Option B B. proposal form Explanation A proposal form is a standard printed document that is completed by a person who is requesting insurance coverage. The main source of information in an...