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Insurance Past Questions and Answers

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Insurance Questions

Question 86:

The reason for issuing certificate of motor insurance is that , it is

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A Required by law for all motor policy holders
B A general practice world wide
C A support to policy document
D A replacement for the policy

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Question 87:

The principle of utmost good faith allows the insured

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A To accept all risks proposed for insurance
B The right to sue the insurer
C To make claim from more than one insurer
D To make a full disclosure of the proposed risk

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Question 88:

A primary function of insurance is the?

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A Creation of a common pool
B Provision of security
C Stimulation of business enterprises
D Loss prevention and control

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Question 89:

The right which an insurer has to stand in the place of the insured against a negligent party is?

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A Insurable interest
B Subrogation
C Proximate cause
D Contribution

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Question 90:

A life policy holder enjoy days of grace

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A At the inception of the policy
B At the renewal time of the policy
C When he surrenders the policy
D When the policy is paid up

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