Jamb Commerce Past Questions and Answers

Question 1101:

• JAMB 2014

Insurance against burglary is an example of

A. Indemnity insurance
B. Fidelity guarantee insurance
C. Non-insurable risk
D. Non-indemnity insurance

Question 1102:

• JAMB 2014

The principle which requires the insurance company to disclose to the proposer all material facts of the risk to be covered is

A. Subrogation
B. Proximate cause
C. Uberrimae fidei
D. Contribution

Question 1103:

• JAMB 2014

The insurance principle that allows an insurance company to take over the rights of the insured once he has been compensated is

A. Indemnity
B. Proximate cause
C. Utmost good faith
D. Subrogation

Question 1104:

• JAMB 2014

A trader who experienced loss through fire can be restored by

A. An insurance company
B. A trade association
C. The bank
D. An advertising agency

Question 1105:

• JAMB 2014

The distribution of petroleum products in Nigeria is through

A. Rail
B. Road
C. Sea
D. Air