Question 56:

• WAEC 2017

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

A. Norwich insurance company
B. Royal exchange assurance
C. Yorkshire insurance company
D. Phoenix of Nigeria assurance company

Question 57:

• WAEC 2017

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

A. Personal accident insurance
B. Fidelity guaranteed
C. Sickness insurance
D. Motor insurance

Question 58:

• WAEC 2017

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

A. Certificates
B. Proposal form
C. Policy form
D. Schedule

Question 59:

• WAEC 2017

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

A. Term assurance
B. Pure endowment
C. Whole life insurance
D. Personal accident insurance

Question 60:

• WAEC 2017

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

A. Stock insurance
B. Trade insurance
C. Fidelity insurance
D. Credit insurance