Insurance Past Questions and Answers

features of insurable risk include?
(i) fortuity (ii) insurer (iii) utmost good faith (iv) financial value

A document used to alter the information contained in the schedule of a policy is?

Ex-gratia payment is made where there is

Mr Aderemi owns a car which was insured under comprehensive policy. while insuring the car, he did not inform the company that his wife who have no driving licence also drives the car. the wife while driving the car, came face to face with rioters who damaged the car.


what is the proximage cause of the damage to the car

surrender value is the amount payable if the insured