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A floating policy is an example of?

Commerce
JAMB 2005

A floating policy is an example of?

  • A. marine insurance
  • B. actuaries insurance
  • C. motor insurance
  • D. fire insurance
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Correct Answer: Option B
Explanation

The floating policy is a type of insurance policy used in marine insurance. This policy provides protection of a broad nature for shipments of merchandise and that is valid continuously until canceled.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts