by Sunday | Oct 17 | Insurance WAEC
A. it was ex-gratia payment B. there was a mistake of law C. the premium had not been paid D. it was effected by court order Correct Answer: Option C C. the premium had not been paid
by Sunday | Oct 17 | Insurance WAEC
A. building B. shares C. corporation D. money Correct Answer: Option A A. building Explanation The subject matter of insurance is the life, limbs, property, rights or any potential legal liability insured under a policy. in a fire policy, a building is a subject...
by Sunday | Oct 17 | Insurance WAEC
A. permanent disability B. machinery breakdown C. sickness D. death Correct Answer: Option B B. machinery breakdown Explanation Business interruption insurance (also known as business income insurance) is a type of insurance that covers the loss of income that a...
by Sunday | Oct 17 | Insurance WAEC
A. does not want to continue with the life policy B. does not want to continue with car insurance C. died when a policy is valid D. died when a policy is not valid Correct Answer: Option A A. does not want to continue with the life policy Explanation ‘Surrender...
by Sunday | Oct 17 | Insurance WAEC
Mr. Aderemi owns a car that was insured under a comprehensive policy. while insuring the car, he did not inform the company that his wife who has no driving license also drives the car. the wife while driving the car, came face to face with rioters who damaged the...
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