Question 126:

• WAEC 2016

A profefessional charged with the responsibility of assessing loss in insurance

A. Underwriter
B. Adjuster
C. Actuary
D. Broker

Question 127:

• WAEC 2016

A clause that prevents the insurer from paying under a policy if the insured killed himself is?

A. Exceptional clause
B. Revival clause
C. Accidental clause
D. Suicide clause

Question 128:

• WAEC 2016

A ''no claim discount'' will be granted under

A. Fidelity guarantee insurance
B. Marine insurance
C. Life insurance
D. Motor insurance

Question 129:

• WAEC 2016

To insure any property, the insured must have

A. Insurable interest
B. Goodwill
C. Premium
D. Valuable consideration

Question 130:

• WAEC 2016

A motor policy that provides cover for the loss or damage of a vehicle used for farming purposes is

A. Private car policy
B. Agricultural policy
C. Special type policy
D. Motor trades policy