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The part of a policy that describes the event that led to  a loss is

Insurance
WAEC 2017

The part of a policy that describes the event that led to  a loss is

  • A. operative clause
  • B. recital clause
  • C. heading
  • D. schedule
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Correct Answer: Option A
Explanation

The Operative clause in an insurance policy sets outs the circumstances that must be present before an insurance company will pay out any claims to insured parties.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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