Insurance Past Questions and Answers

A reinsurance cover of N100,000 in excess of N20,000 was entered by insurer K with reinsurer M. In the event of a loss amounting to N120,000, M would pay?

A N20,000
B N120,000
C N80,000
D N100,000

Question 17:

A loss assessor in a claim settlement process is representing the interest of the?

A Insured
B Insurer
C Reinsurer
D Broker

Question 18:

one of the perils of nature is?

A Heating
B Earthquake
C Civil commotion
D Spontaneous combustion

Question 19:

The document used pending the issuance of certificate in motor insurance policy is

A A cover note
B A proposal form
C An endorsement
D A slip

Question 20:

contract of insurance which involves large industrial risks are handled for protection through the completion of?

A A proposal form
B A policy form
C An endorsement
D A slip