A life policy that pays the sum assured if the policy holder dies anytime within…
A life policy that pays the sum assured if the policy holder dies anytime within the policy period…
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A policy that covers a trader against the risk of payment default by customer is
A policy that covers a trader against the risk of payment default by customer is A. stock insurance…
The factor which increases the possibility of loss that emanates from the insured attitude is?
The factor which increases the possibility of loss that emanates from the insured attitude is? A. physical hazard…
The insured who suffered a loss would be entitled to the amount of compensation payable…
The insured who suffered a loss would be entitled to the amount of compensation payable for the loss…
Life policies can be used as a collateral for loan when the policy has?
Life policies can be used as a collateral for loan when the policy has? A. ceased to be…
The body that regulates the activities of insurance market in Nigeria
The body that regulates the activities of insurance market in Nigeria A. National Insurance Commission B. professional reinsurance…
The class of insurance that does not require a certificate is?
The class of insurance that does not require a certificate is? A. motor insurance B. marine insurance C.…
How many days are allowed in life insurance as days of grace
How many days are allowed in life insurance as days of grace A. 25 days B. 30 days…
The part of the policy that describes the event that could lead to loss in…
The part of the policy that describes the event that could lead to loss in an insurance contract…
Insurance is defined as pooling of risk because many people
Insurance is defined as pooling of risk because many people A. with common interest make claims every year…