WAEC SSCE - Insurance - 2017 (Objective)

The right which an insurer has to stand in the place of the insured against a negligent party is?

Adekunle bought a car for N2,000,000. he insured it with musa insurance company and okon insurance company for N600,000 and N800,000 respectively. on his way to his office, he had an accident which destroyed his windscreen  valued at N30,000 and kayode's shop valued at N15,000. 

The policy cover with musa insurance is

Term insurance benefits are payable 

which type of insurance product is appropriate for a young couple who is embarking on a holiday trip abroad?

The policy of insurance is signed by the?

The document that is legally required to be issued by insurers in respect of compulsory insurance is

The period of insurance in non-life insurance contract is usually

The body that regulates the activities of insurance market in Nigeria

The part of a policy that describes the event that led to  a loss is

A life policy holder enjoy days of grace

Eke bought a new car for N1.5M. The practice in the insurance idustry is to pay 10% of the value of the vehicle as premium for comprehensive cover and 2.5% additional cover for strike, riot and civil commotion. Eke was issued a document and two weeks later, he was issued another document different from the first document issued

What is the premium payable for the comprehensive cover

The insurance cover a businessman who buys goods from lagos and wants to transport it to kano would require is

Adekunle bought a car for N2,000,000. he insured it with musa insurance company and okon insurance company for N600,000 and N800,000 respectively. on his way to his office, he had an accident which destroyed his windscreen  valued at N30,000 and kayode's shop valued at N15,000. 

The maximum aount to be paid for kayode's shop  that was damged is

An insurance intermediary that is professionally liable for acts of negligence in the discharge of his duties to his client is an insurance

The document used by the insurer to ask questions about a risk to be covered is 

A primary function of insurance is the?

The principle of utmost good faith allows the insured 

which of the following professionals is an operator in the reinsurance market?

How many days are allowed in life insurance as days of grace

The price paid for the purchase of insurance policy is?

The person that buys a life insurance policy is an 

The factor which increases the possibility of loss that emanates from the insured attitude is?

A method of providing indemnity under glass insurance policy is?

The expert who uses statistics to develop the premium payable in a life contract is an

The second document issued to the Eke is

A life policy that pays the sum assured if the policy holder dies anytime within the policy period is

A policy that covers a trader against the risk of payment default by customer is

The policy which covers either death or disability resulting from an injury is

The type of life insurance policy where the premium goes towards the policy with no interest element is

Life policies can be used as a collateral for loan when the policy has?

The class of insurance that does not require a certificate is?

The demand for payment made by the insured to the insurer following occurence of the event insured against is

information required in a proposal form for employer's liability is insurance include

A functional reinsurance is that it

The document issued to Eke within one week of the contract is

The part of the policy that describes the event that could lead to loss in an insurance contract is

Insurance is defined as pooling of risk because many people 

The insured who suffered a loss would be entitled to the amount of compensation payable for the loss under the principle of?

life insurance is a contract of?

one of the feature of ''with profit whole life assurance'' is that profit is allocated to the policy?

The claims on kayode's shop would be paid by

which of the following factors is not considered when calculating premium in life assurance policy

In an endowment policy, benefits are paid at death or 

The reason for issuing certificate of motor insurance is that , it is

The first insurance company to establish its branch office in Nigeria is