Trending Questions |
Waec 2018 Insurance Past QuestionsQuestion 36:The use of gas burners for cutting and welding is considered in insurance contract as A. A favourable morale hazard B. A favourable physical hazard C. An unfavourable morale hazard D. An unfavourable physical hazard Question 37:The method of paying premium in life insurance contract in which premium payable increases as age increases is? A. Natural premium B. Level premium C. Risk premium D. Pure premium Question 38:The right to effect a contract of insurance on the life of a debtor by the creditor is? A. Utmost good faith B. Proximate cause C. Insurable interest D. Contribution Question 39:Non-indemnity insurance policies are referred to as A. Benefit policies B. Profit policies C. Non-profit policies D. Non-benefit policies Question 40:insurer XYZ is jointly covered for two lines surplus treaty reinsurance by reinsurers I,J,K and L for a retention limit of N120,000. The amount of cession for reinsurer K if all reinsurers share the risk equally with the sum insured of N360,000 is? A. N45,000 B. N60,000 C. N90,000 D. N120,000 |
|
| ||||||
Disclaimer All Views, Names, Acronyms, Trademarks, Expressed on this website are those of their respective owners. Please note that www.schoolngr.com is not affiliated with any of the institutions featured in this website. It is always recommended to visit an institutions or sources official website for more information. In the same vein, all comments placed here do not represent the opinion of schoolngr.com SCHOOLNGR - © 2020 - 2024 - Tayo Hammed | Terms Of Service | Copyright | Privacy Policy |