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Commerce 2014 JAMB Past Questions

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16

Insurance against burglary is an example of

  • A. indemnity insurance
  • B. fidelity guarantee insurance
  • C. non-insurable risk
  • D. non-indemnity insurance
View Answer & Discuss (1) JAMB 2014
17

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
View Answer & Discuss (1) JAMB 2014
18

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
View Answer & Discuss (1) JAMB 2014
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19

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
View Answer & Discuss (6) JAMB 2014
20

The distribution of petroleum products in Nigeria is through

  • A. rail
  • B. road
  • C. sea
  • D. air
View Answer & Discuss (4) JAMB 2014
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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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