Question 86:

• WAEC 2017

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

A. Required by law for all motor policy holders
B. A general practice world wide
C. A support to policy document
D. A replacement for the policy

Question 87:

• WAEC 2017

The principle of utmost good faith allows the insured

A. To accept all risks proposed for insurance
B. The right to sue the insurer
C. To make claim from more than one insurer
D. To make a full disclosure of the proposed risk

Question 88:

• WAEC 2017

A primary function of insurance is the?

A. Creation of a common pool
B. Provision of security
C. Stimulation of business enterprises
D. Loss prevention and control

Question 89:

• WAEC 2017

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

A. Insurable interest
B. Subrogation
C. Proximate cause
D. Contribution

Question 90:

• WAEC 2017

A life policy holder enjoy days of grace

A. At the inception of the policy
B. At the renewal time of the policy
C. When he surrenders the policy
D. When the policy is paid up