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Wednesday, 15 April 2026
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Insurance Past Questions and Answers

Insurance Questions

Question 31:
claims paid by insurers in the event of loss is irrecoverable when the?
  • A Average clause is applied
  • B Sum insured has been exhausted
  • C Sum insured has not been exhausted
  • D Payment is and ex gratia basis
View Answer & Explanation
Question 32:
The minimum cover for motorist in nigeria is?
  • A ''Act'' only
  • B Third party only
  • C Fire and theft
  • D Comprehensive insurance
View Answer & Explanation
Question 33:
The class of insurance under which a visitor who was bitten by her host dog would be compensated is?
  • A Personal liability insurance
  • B Public liability insurance
  • C Professional indemnity insurance
  • D Employers liability insurance
View Answer & Explanation
Question 34:
The legth of time in which a proposer is expected to effect changes in life insurance contract is?
  • A Days of grace
  • B Cooling off period
  • C Rectification
  • D Endorsement
View Answer & Explanation
Question 35:
modern insurance business was introduced into nigeria by?
  • A American merchants
  • B British merchants
  • C French merchants
  • D Portuguese merchants
View Answer & Explanation