by Sunday | Oct 17 | Insurance WAEC
A. death of the assured till a specified period B. survival of the assured till a specified period C. survival of the assured till a specified period D. personal accident insurance Correct Answer: Option B B. survival of the assured till a specified...
by Sunday | Oct 17 | Insurance WAEC
A. advice the claimant on claims processing B. ensure prompt payment of claims C. estimate maximum loss D. investigate the cause of loss Correct Answer: Option C C. estimate maximum loss Explanation Loss Adjusters, also known as claims adjusters, work for insurance...
by Sunday | Oct 17 | Insurance WAEC
Musa lent Obinna the sum of N2,000,000 in February 2015 which he promised to pay back at the end of the year. Musa decided to effect a life policy on Obinna for a sum of N20,000 A. the loan B. death C. bad debt D. disability Correct Answer: Option B B....
by Sunday | Oct 17 | Insurance WAEC
Musa lent Obinna the sum of N2,000,000 in February 2015 which he promised to pay back at the end of the year. Musa decided to effect a life policy on Obinna for a sum of N20,000 A. Obinna’s life B. the N2,000,000 loan C. Musa’s life D. the sum...
by Sunday | Oct 17 | Insurance WAEC
A. private motor B. commercial vehicle C. motor trade D. general cartage Correct Answer: Option B B. commercial vehicle Explanation A commercial vehicle is any type of motor vehicle used for transporting goods or transporting paying...
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