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...
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...
by Sunday | Oct 17 | Insurance WAEC
A. key-man policy B. endowment policy C. term insurance policy D. whole life insurance Correct Answer: Option C C. term insurance policy Explanation A collateral assignment of life insurance is a conditional assignment appointing a lender as the primary beneficiary of...
by Sunday | Oct 17 | Insurance WAEC
A. fidelity guarantee insurance B. third party liability insurance C. professional indemnity insurance D. product liability insurance Correct Answer: Option C C. professional indemnity insurance Explanation Professional indemnity insurance: Is a form of liability...
by Sunday | Oct 17 | Insurance WAEC
A. co-insurance B. joint insurance C. re-insurance D. group insurance Correct Answer: Option A Explanation Co-insurance: is a situation in which two or more insurance companies share a risk