Question 71:

• WAEC 2017

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

A. Motor insurance
B. Marine insurance
C. Fire insurance
D. Aviation insurance

Question 72:

• WAEC 2017

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

A. 25 days
B. 30 days
C. 35 days
D. 60

Question 73:

• WAEC 2017

The person that buys a life insurance policy is an

A. Actuary
B. Assured
C. Assesor
D. Agent

Question 74:

• WAEC 2017

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

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

Question 75:

• WAEC 2017

life insurance is a contract of?

A. Indemnity
B. Subrogation
C. Benefit
D. Contribution