Which of the following conditions must be met before an i...
Which of the following conditions must be met before an insurer is under obligation to pay claim
loss notification
premium payment
completion of proposal form
submission of policy paper to the insurer
Correct answer is B
In insurance, the insurance policy is a contract between the insurer and the insured, known as the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language. The insurer is only obligated to pay for claims if the insured keeps their own part of the bargain by paying the premium.
A policy that covers a trader against the risk of payment default by customer is ...
The duty of a loss assessor is to ensure ...
The effect of the minimum cover on the two vehicles is the the? ...
insurers requesting for membership of Nigeria Insurers Association is required by law to? (i) hav...
The document used by the insurer to ask questions about a risk to be covered is ...
The policy which covers either death or disability resulting from an injury is ...