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Insurance Past Questions

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31

An insurance policy is subject to a franchise of N115,000, how much would an insured who suffered of N120,000 recieve as compwnsation

  • A. N5,000
  • B. N115,000
  • C. N120,000
  • D. N235,000
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32

The insurance professional who assist the third party to evaluate the extent of loss in a motor accident is

  • A. a loss adjustor
  • B. a loss assessor
  • C. a consultant
  • D. an investigator
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33

A reinsurance cover of N100,000 in excess of N20,000 was entered by insurer K with reinsurer M. In the event of a loss amounting to N120,000, M would pay? 

  • A. N20,000
  • B. N120,000
  • C. N80,000
  • D. N100,000
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34

A loss assessor in a claim settlement process is representing the interest of the?

  • A. insured
  • B. insurer
  • C. reinsurer
  • D. broker
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35

one of the perils of nature is?

  • A. heating
  • B. earthquake
  • C. civil commotion
  • D. spontaneous combustion
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