Question 131:

• WAEC 2016

one of the difference between contract of life assurance and non life insurance is?

A. Non-life requires renewal while life does not
B. Life requires renewal while non-life does not
C. Life is subject to indemnity while non life is not
D. Non-life is subject to compensation while life is not

Question 132:

• WAEC 2016

The duty of a loss assessor is to ensure

A. Adequate compensation to the insured
B. Payment of premium to the insurer
C. That risk manager identifies the risk properly
D. That insurance broker collects commission

Question 133:

• WAEC 2016

which of the following benefits will be covered under personal accident insurance

A. Burial expenses
B. Medical expenses
C. Legal expenses
D. Mortuary expenses

Question 134:

• WAEC 2016

An attachment to an insurance policy that modifies the policy is?

A. Applicable
B. Variation list
C. Log book
D. Endorsement

Question 135:

• WAEC 2016

An event sufficiently related to a legally recognizable injury to be the cause of that injury is?

A. Hazard
B. Remote clause
C. Proximate cause
D. Peril