Question 136:

• WAEC 2016

which of the following professionals assist in determining the actual cost of a loss to be paid by an insurer on a claim

A. Loss adjuster
B. Insurance broker
C. Actuary
D. Surveyor

Question 137:

• WAEC 2016

A blanket policy in fidelity guarantee insurance is to cover

A. Cashiers handling cash
B. All staff that may handle cash
C. Cash from office to bank
D. All receivables of the company

Question 138:

• WAEC 2016

peril in insurance means

A. Payment that is made by insurance
B. Events that lead to a loss
C. Exposure to no risk at all
D. Money that is paid for insurance

Question 139:

• WAEC 2016

The body charged with the responsibility to promote and uphold universally accepted standards in insurance business

A. Nigeria council of registered insurance brokers
B. Chartered insurance institute of Nigeria
C. National insurers association
D. Nigeria insurance commission

Question 140:

• WAEC 2016

when a policy is cancelled before its expiry date, what is owed to the insured is

A. Earned premium
B. Unearned premium
C. Return premium
D. Unpaid premium