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Insurance Past Questions

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36

A condition which the insuring public would use to evaluate the financial stability of an insurer is?

  • A. prompt payment of claims
  • B. adequate reinsurance treaty
  • C. allowance for ex-gratia payment
  • D. settlement of investigated claims
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37

A factor to be considered before a proposal for endowment assurance is accepted is the proposer's?

  • A. marital status
  • B. place of birth
  • C. date of birth
  • D. social status
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38

payment of compensation under professional indemnity insurance would be influenced by?

  • A. assault
  • B. trespass
  • C. nuisance
  • D. negligence
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39

car plying the road seeking passengers for payment of fares are classified by insurers as?

  • A. private motor
  • B. commercial vehicle
  • C. motor trade
  • D. general cartage
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musa lent obinna the sum of N2,000,000 i february 2015 which he promised to pay back at the end of the year..  musa decided to effect a life policy on obinna for a sum of N20,000 

40

The subject matter of insurance in the package is?

  • A. obinna's life
  • B. the N2,000,000 loan
  • C. musa's life
  • D. the sum assured of N20,000
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