Question 61:

• WAEC 2017

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

A. Agent
B. Consultant
C. Broker
D. Adjuster

Question 62:

• WAEC 2017

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

A. Operative clause
B. Recital clause
C. Heading
D. Schedule

Question 63:

• WAEC 2017

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

A. Endowment policy
B. Whole life insurance
C. Annuity policy
D. Term insurance

Question 64:

• WAEC 2017

The body that regulates the activities of insurance market in Nigeria

A. National Insurance Commission
B. Professional reinsurance association of nigeria
C. Nigeria insurers Association
D. Nigeria council of registered insurance brokers

Question 65:

• WAEC 2017

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

A. Ceased to be life
B. Been temporary suspended
C. Acquired surrender value
D. Been made paid-up