Insurance - Commerce Jamb Past Questions and Answers

Question 61 :

• JAMB 2018

A person who undertakes any risk in insurance business is known as ?

A. A broker
B. An underwriter
C. An insurer
D. An actuary

Question 62 :

• JAMB 2018

The insurance principle that requires full disclosure of information on the insured is known as ?

A. Indemnity
B. Caveat emptor
C. Subrogation
D. Uberrimae Fidel

Question 63 :

• JAMB 2019

The risks that can be forecast and measured is termed___________

A. Gambling
B. Insurable risks
C. Non-Insurable risks
D. Indenmity Insurance

Question 64 :

• JAMB 2019

The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be________

A. The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be
B. Aviation Insurance
C. Marine Insurance
D. Life Assurance

Question 65 :

• JAMB 2019

You have just bought a new car. What Insurance policy will you take to cover it?

A. Accident Insurance
B. Fire Insurance
C. Marine Insurance
D. Fidelity Guarantee Insurance