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.
N20,000
N120,000
N80,000
N100,000
Correct answer is C
No explanation has been provided for this answer.
a loss adjustor
a loss assessor
a consultant
an investigator
Correct answer is B
A Loss Assessor is appointed by the policyholder when they need to submit a substantial or complex claim. All fees are paid by the Policy holder.
N5,000
N115,000
N120,000
N235,000
Correct answer is A
No explanation has been provided for this answer.
A general question in an insurance proposal form is
name of the proposal
carriage of fare-paying passenger
description of the proposers' premises
methods of construction
Correct answer is A
Proposal (application) forms are questionnaires issued by the insurer to be completed by the proposer or his/her agent, which ask questions about the subject matter of cover. Since the insurer will use the information to assess a premium and set the terms and conditions of the policy, the prospective insured must disclose all the material circumstances, whether or not the proposal form asks for them.
i, ii and iii only
i, ii and iv
i, iii and iv
ii, iii and iv
Correct answer is B
No explanation has been provided for this answer.