by Sunday | Oct 17 | Insurance WAEC
A. creation of a common pool B. provision of security C. stimulation of business enterprises D. loss prevention and control Correct Answer: Option D D. loss prevention and control Explanation The main function of the insurance is to provide protection against the...
by Sunday | Oct 17 | Insurance WAEC
A. to accept all risks proposed for insurance B. the right to sue the insurer C. to make a claim from more than one insurer D. to make full disclosure of the proposed risk Correct Answer: Option D D. to make full disclosure of the proposed risk Explanation Utmost Good...
by Sunday | Oct 17 | Insurance WAEC
A. required by law for all motor policyholders B. a general practice worldwide C. a support to policy document D. a replacement for the policy Correct Answer: Option A A. required by law for all motor policyholders Explanation Of all the documentation issued by motor...
by Sunday | Oct 17 | Insurance WAEC
A. age and health condition of the employees B. the number of employees and the annual wage roll of the proposer C. nature and description of goods to be carried or dispatched D. the extent to which the vehicle of the proposer will be put to private use Correct...
by Sunday | Oct 17 | Insurance WAEC
A. whole life policy B. investment-linked policy C. education endowment policy D. term assurance policy Correct Answer: Option D D. term assurance policy Explanation Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of...
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