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Insurance Past Questions


Question 11:


payment of compensation under professional indemnity insurance would be influenced by?

A. Assault
B. Trespass
C. Nuisance
D. Negligence


Question 12:


car plying the road seeking passengers for payment of fares are classified by insurers as?

A. Private motor
B. Commercial vehicle
C. Motor trade
D. General cartage


Question 13:


musa lent obinna the sum of N2,000,000 i february 2015 which he promised to pay back at the end of the year.. musa decided to effect a life policy on obinna for a sum of N20,000


The subject matter of insurance in the package is?

A. Obinna's life
B. The N2,000,000 loan
C. Musa's life
D. The sum assured of N20,000


Question 14:


An insurance policy is subject to a franchise of N115,000, how much would an insured who suffered of N120,000 recieve as compwnsation

A. N5,000
B. N115,000
C. N120,000
D. N235,000


Question 15:


The insurance professional who assist the third party to evaluate the extent of loss in a motor accident is

A. A loss adjustor
B. A loss assessor
C. A consultant
D. An investigator






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