Waec Insurance Questions
Question 116:
which of the following policies can be used as security for a loan.
View Answer & ExplanationQuestion 117:
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.
the insurance prinsiple that deals with mr adeyem's failure to inform the insurer about his wife's usage of the car is?
View Answer & Explanationthe insurance prinsiple that deals with mr adeyem's failure to inform the insurer about his wife's usage of the car is?
Question 118:
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 effect of the damage by rioters as regards the claim. he will?
View Answer & Explanationwhat is the effect of the damage by rioters as regards the claim. he will?
Question 120:
The process of transfering a risk already taken by an insurer to other insurers is?
View Answer & Explanation