by Sunday | Oct 16 | Insurance WAEC
A. double insurance B. reduction of cover C. absence of agreement D. financial distress Correct Answer: Option A A. double insurance Explanation Double Insurance: Situation in which the same risk is insured by two overlapping but independent insurance policies. When...
by Sunday | Oct 16 | Insurance WAEC
A. subject matter of insurance B. subject matter of the contract C. assignment of the contract D. deed of the contract Correct Answer: Option C C. assignment of the contract Explanation An assignment of contract occurs when one party to an existing contract (the...
by Sunday | Oct 16 | Insurance WAEC
A. endorsement B. certificate C. proposal form D. cover note Correct Answer: Option D D. cover note Explanation Cover Note: A cover note is a temporary document issued by an insurance company that provides proof of insurance coverage until a final insurance policy can...
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