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Answers

44896 posts
  • Answers

Differentiate between whole life and endowment assurance. (b) State five uses of life assurance….

(a) Differentiate between whole life and endowment assurance. (b) State five uses of life assurance. (c) List and…
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MADAM SCHOLASTICA’S HAIR SALON Madam Scholastica owns a big salon in centre of Lagos with…

MADAM SCHOLASTICA’S HAIR SALON Madam Scholastica owns a big salon in centre of Lagos with fifty hair driers…
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Explain the following terms used in insurance. (i) peril (ii) hazard. (iii) disclosure. (b)…

(a) Explain the following terms used in insurance. (i) peril (ii) hazard. (iii) disclosure. (b) Differentiate . between…
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MADAM SCHOLASTICA’S HAIR SALON Madam Scholastica owns a big salon in centre of Lagos with…

MADAM SCHOLASTICA’S HAIR SALON Madam Scholastica owns a big salon in centre of Lagos with fifty hair driers…
Read More
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Explain the term “risk” in insurance. (b) List and explain five features of insurance…

(a) Explain the term “risk” in insurance. (b) List and explain five features of insurance contracts.  Explanation (a)…
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What is endowment policy? (b) Differentiate between the following terms: (i) Third party and…

(a) What is endowment policy? (b) Differentiate between the following terms: (i) Third party and comprehensive motor insurance; (ii)…
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State three marine perils. (b) List and explain three types of cover available under…

(a) State three marine perils. (b) List and explain three types of cover available under marine insurance.   …
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Explain the following terms as used in insurance business: (a) Surrender value (b) Days of…

Explain the following terms as used in insurance business: (a) Surrender value (b) Days of grace  (c) Ex-gratia…
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What is a “discharge voucher”? (b) State three duties each of the following in…

(a) What is a “discharge voucher”? (b) State three duties each of the following in insurance claims: (.i)…
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what is the term used for the amount payable to mr. Thomas if he chooses…

mr. Thomas assured his life for the sum of N300,000.00 for a period of 20 years. The premium…
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