Insurance - Jamb Commerce Past Questions and Answers

Question 26:

• JAMB 2004

Non-insurable risk include?

A. Gambling
B. Damage to property
C. Death
D. Marine problems

Question 27:

• JAMB 2004

Coverage against unexpected events is called?

A. Insurance
B. Assurance
C. Warranty
D. Reinsurance

Question 28:

• JAMB 2004

An insured risk which occurs accidentally as a result of deflects in a ship is?

A. A voyage policy
B. A total loss
C. An emergency
D. A particular average

Question 29:

• JAMB 2004

An action taken by a company outside its object clause is regarded as?

A. Ultra vires
B. A trespass
C. Uberrima fides
D. Caveat emptor

Question 30:

• JAMB 2005

A floating policy is an example of?

A. Marine insurance
B. Actuaries insurance
C. Motor insurance
D. Fire insurance