Insurance Questions and Answers
Test and improve on your knowledge of insurance with these Insurance questions and answers. This aptitude test assesses your understanding of the fundamental concepts of insurance.
Test and improve on your knowledge of insurance with these Insurance questions and answers. This aptitude test assesses your understanding of the fundamental concepts of insurance.
The body that regulates the activities of insurance market in Nigeria
National Insurance Commission
professional reinsurance association of nigeria
Nigeria insurers Association
Nigeria council of registered insurance brokers
Correct answer is A
The National Insurance Commission (NAICOM) was established in 1997 by the National Insurance Commission Act 1997 with responsibility for ensuring the effective administration, supervision, regulation and control of insurance business in Nigeria and protection of insurance policyholders, beneficiaries and third parties to insurance contracts.
The person that buys a life insurance policy is an
actuary
assured
assesor
agent
Correct answer is B
An assured: Legal owner or beneficiary of a life insurance policy.
How many days are allowed in life insurance as days of grace
25 days
30 days
35 days
60 days
Correct answer is B
Grace periods for late payments last anywhere from 30 to 60 days and your life insurance remains in force during that time.
The class of insurance that does not require a certificate is?
motor insurance
marine insurance
fire insurance
aviation insurance
Correct answer is B
No explanation has been provided for this answer.
The document that is legally required to be issued by insurers in respect of compulsory insurance is
cover note
endorsement
certificate
renewal note
Correct answer is B
A cover note is a temporary document issued by an insurance company that provides proof of insurance coverage until a final insurance policy can be issued.
An insurance endorsement is an amendment or addition to an existing insurance contract which changes the terms or scope of the original policy. Endorsements may also be referred to as riders. An insurance endorsement may be used to add, delete, exclude or otherwise alter coverage.
A certificate of insurance (COI) is issued by an insurance company or broke. The COI verifies the existence of an insurance policy and summarizes the key aspects and conditions of the policy.
Renewal note; a note sent by an insurance company asking the insured person to renew the insurance.
Indorama Eleme Fertilizer & Chemicals Limited (IEFCL) Graduate Engineer Internship Program 2024
Diploma Engineer Internship Program at Indorama Eleme Fertilizer & Chemicals Limited (IEFCL)
Admin Officer - Airline Industry at Ascentech Services Limited
Area Sales Manager at Airtel Nigeria
State Business Manager at Airtel Nigeria
Inventory Manager at a Reputable Agricultural Company
Supply Chain Officer at Kellogg's Tolaram Nigeria Limited (KTNL)
Warehouse Manager at Shulifang Biotechnology FZE
Capability Development & Execution Excellence Manager (Rivers) at Airtel Nigeria
Regional Security Manager - Northeast Region at Airtel Nigeria
