by Sunday | Oct 17 | Insurance WAEC
A. a favourable morale hazard B. a favourable physical hazard C. an unfavourable morale hazard D. an unfavourable physical hazard Correct Answer: Option D D. an unfavourable physical hazard Explanation A physical hazard is defined as “A factor within the...
by Sunday | Oct 17 | Insurance WAEC
A. American merchants B. British merchants C. French merchants D. Portuguese merchants Correct Answer: Option B B. British merchants Explanation History of Insurance in Nigeria. This form of social insurance is still in existence in Nigeria among community groups. In...
by Sunday | Oct 17 | Insurance WAEC
A. days of grace B. cooling off period C. rectification D. endorsement Correct Answer: Option B B. cooling off period Explanation The cooling-off period: Is a period during which you can cancel the policy for any reason. If you cancel, you should get a refund of any...
by Sunday | Oct 16 | Insurance WAEC
A. provide a forum to improve insurance business B. prepare the insured’s claims C. offer technical services in claim investigation D. adjust loss to suit the insured Correct Answer: Option C C. offer technical services in claim investigation Explanation The...
by Sunday | Oct 16 | Insurance WAEC
A. indeterminate premium payment B. limited premium payment C. single premium payment D. modified premium payment Correct Answer: Option B B. limited premium payment Explanation A limited premium payment plan is a plan where you pay the premium for a shorter span of...
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