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Insurance 2017 WAEC Past Questions

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26

The body that regulates the activities of insurance market in Nigeria

  • A. National Insurance Commission
  • B. professional reinsurance association of nigeria
  • C. Nigeria insurers Association
  • D. Nigeria council of registered insurance brokers
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27

Life policies can be used as a collateral for loan when the policy has?

  • A. ceased to be life
  • B. been temporary suspended
  • C. acquired surrender value
  • D. been made paid-up
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28

The factor which increases the possibility of loss that emanates from the insured attitude is?

  • A. physical hazard
  • B. moral hazard
  • C. uninsured peril
  • D. excepted peril
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29

The expert who uses statistics to develop the premium payable in a life contract is an

  • A. adjuster
  • B. actuary
  • C. assesor
  • D. agent
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30

The insured who suffered a loss would be entitled to the amount of compensation payable for the loss under the principle of?

  • A. insurable interest
  • B. utmost good faith
  • C. indemnity
  • D. contribution
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts