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.
family income benefit effected without capital benefit pays the sum assured from the date of?
death of the assured till a specified period
survival of the assured till a specified period
survival of the assured period
personal accident insurance
Correct answer is B
No explanation has been provided for this answer.
one of the duties of a loss adjustor is
advice the claimant on claims processing
ensure prompt payment of claims
estimate maximum loss
investigate the cause of loss
Correct answer is C
Loss Adjusters, also known as claims adjusters, work for insurance companies and examine property damage to determine how much an insurance company should compensate the claimant.
musa lent obinna the sum of N2,000,000 i february 2015 which he promised to pay back at the end of the year.. musa decided to effect a life policy on obinna for a sum of N20,000
The peril insured against by musa is
the loan
death
bad debt
disability
Correct answer is B
No explanation has been provided for this answer.
musa lent obinna the sum of N2,000,000 i february 2015 which he promised to pay back at the end of the year.. musa decided to effect a life policy on obinna for a sum of N20,000
The subject matter of insurance in the package is?
obinna's life
the N2,000,000 loan
musa's life
the sum assured of N20,000
Correct answer is A
No explanation has been provided for this answer.
car plying the road seeking passengers for payment of fares are classified by insurers as?
private motor
commercial vehicle
motor trade
general cartage
Correct answer is B
A commercial vehicle is any type of motor vehicle used for transporting goods or transporting paying passengers.