Question 111:

• WAEC 2016

business interruption claims will only be settled if it is caused by?

A. Permanent disability
B. Machinery breakdown
C. Sickness
D. Death

Question 112:

• WAEC 2016

which of the following is a subject matter of insurance in fire policy

A. Building
B. Shares
C. Corporation
D. Money

Question 113:

• WAEC 2016

An insurer will recover claims paid wrongly to an insured if

A. It was ex-gratia payment
B. There was a mistake of law
C. The premium had not been paid
D. It was effected by court order

Question 114:

• WAEC 2016

Risk assumed by more than one insurance company and shared accordingly

A. Co-insurance
B. Joint insurance
C. Re-insurance
D. Group insurance

Question 115:

• WAEC 2016

An insurance cover that protects experts from bearing the cost of negligence arising from their service?

A. Fidelity guarantee insurance
B. Third party liability insurance
C. Professional indemnity insurance
D. Product liability insurance