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Insurance Past Questions

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76

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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77

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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78

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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79

A life policy that pays the sum assured if the policy holder dies anytime within the policy period is

  • A. term assurance
  • B. pure endowment
  • C. whole life insurance
  • D. personal accident insurance
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80

A policy that covers a trader against the risk of payment default by customer is

  • A. stock insurance
  • B. trade insurance
  • C. fidelity insurance
  • C. credit insurance
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