A document issued by an insurer giving temporary protection to the insure is?
2
The financial interest of the insured in an insurance policy is the
3
full return of premium paid for a contract of insurance is applicable in a situation involving?
4
one of the steps taken by an insurer in claim settlement is to?
5
A risk considered as sub standard in future can be dealt with by insurers through (i) premium loading (ii) double insurance (iii) excess imposition
6
Non-indemnity insurance policies are referred to as
7
insurer XYZ is jointly covered for two lines surplus treaty reinsurance by reinsurers I,J,K and L for a retention limit of N120,000. The amount of cession for reinsurer K if all reinsurers share the risk equally with the sum insured of N360,000 is?
8
Marine cargo insurance indemnifies the insured for a loss of?
9
An insured arranges for his premium payment to cease at the age of 70. This is a whole life policy with
10
One of the functions of the institute of loss adjuster of Nigeria is to
11
The legth of time in which a proposer is expected to effect changes in life insurance contract is?
12
modern insurance business was introduced into nigeria by?
13
The use of gas burners for cutting and welding is considered in insurance contract as
14
The method of paying premium in life insurance contract in which premium payable increases as age increases is?
15
The right to effect a contract of insurance on the life of a debtor by the creditor is?
16
A condition precedent to an insurance contract is the
17
Addition of a new building to an existing fire and special perils insurance would be effected through the issuance of?
18
claims paid by insurers in the event of loss is irrecoverable when the?
19
The minimum cover for motorist in nigeria is?
20
The class of insurance under which a visitor who was bitten by her host dog would be compensated is?
21
A claimant who is not legally entitled to a claim under an insurance contract may be offered a payment on?
22
one benefit of life insurance policy is that it serves as
23
concealment of information considered to be material to the contract of insurance is violating the principle of?
24
Extension cover under money insurance policy doesnt include?
25
The form of term assurance that operates three options which must be excised before maturity is
26
The document used pending the issuance of certificate in motor insurance policy is
27
contract of insurance which involves large industrial risks are handled for protection through the completion of?
28
The winding up of an insurance is legally required to be based on a petition written from not less than
29
insurers requesting for membership of Nigeria Insurers Association is required by law to? (i) have been registered with NAICOM (ii)operate with sound insurance principles (iii) hold membership of CHN (iv) ascribe to the policy holding of NIA
30
A general question in an insurance proposal form is
31
An insurance policy is subject to a franchise of N115,000, how much would an insured who suffered of N120,000 recieve as compwnsation
32
The insurance professional who assist the third party to evaluate the extent of loss in a motor accident is
33
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?
34
A loss assessor in a claim settlement process is representing the interest of the?
35
one of the perils of nature is?
36
A condition which the insuring public would use to evaluate the financial stability of an insurer is?
37
A factor to be considered before a proposal for endowment assurance is accepted is the proposer's?
38
payment of compensation under professional indemnity insurance would be influenced by?
39
car plying the road seeking passengers for payment of fares are classified by insurers as?
40
The subject matter of insurance in the package is?
41
The peril insured against by musa is
42
one of the duties of a loss adjustor is
43
family income benefit effected without capital benefit pays the sum assured from the date of?
44
A manufacturing company whose production was abruptly stopped by fire incidence would have its claim for loss of earning settled under the class of
45
An insurance that could be effected with profit feauture is
46
The effect of the minimum cover on the two vehicles is the the?
47
The compensation would be calculated as
48
jaguna's repaired expenses of N75,000 would be paid by
49
The right which an insurer has to stand in the place of the insured against a negligent party is?
50
A life policy holder enjoy days of grace
51
which of the following factors is not considered when calculating premium in life assurance policy
52
A functional reinsurance is that it
53
A method of providing indemnity under glass insurance policy is?
54
which type of insurance product is appropriate for a young couple who is embarking on a holiday trip abroad?
55
information required in a proposal form for employer's liability is insurance include
56
The reason for issuing certificate of motor insurance is that , it is
57
The principle of utmost good faith allows the insured
58
A primary function of insurance is the?
59
one of the feature of ''with profit whole life assurance'' is that profit is allocated to the policy?
60
The price paid for the purchase of insurance policy is?
61
The period of insurance in non-life insurance contract is usually
62
The demand for payment made by the insured to the insurer following occurence of the event insured against is
63
Term insurance benefits are payable
64
An insurance intermediary that is professionally liable for acts of negligence in the discharge of his duties to his client is an insurance
65
life insurance is a contract of?
66
In an endowment policy, benefits are paid at death or
67
The part of the policy that describes the event that could lead to loss in an insurance contract is
68
Insurance is defined as pooling of risk because many people
69
The policy of insurance is signed by the?
70
The document that is legally required to be issued by insurers in respect of compulsory insurance is
71
The class of insurance that does not require a certificate is?
72
How many days are allowed in life insurance as days of grace
73
The person that buys a life insurance policy is an
74
The body that regulates the activities of insurance market in Nigeria
75
Life policies can be used as a collateral for loan when the policy has?
76
The factor which increases the possibility of loss that emanates from the insured attitude is?
77
The expert who uses statistics to develop the premium payable in a life contract is an
78
The insured who suffered a loss would be entitled to the amount of compensation payable for the loss under the principle of?
79
A life policy that pays the sum assured if the policy holder dies anytime within the policy period is
80
A policy that covers a trader against the risk of payment default by customer is
81
which of the following professionals is an operator in the reinsurance market?
82
The part of a policy that describes the event that led to a loss is
83
The type of life insurance policy where the premium goes towards the policy with no interest element is
84
The document used by the insurer to ask questions about a risk to be covered is
85
The policy which covers either death or disability resulting from an injury is
86
The first insurance company to establish its branch office in Nigeria is
87
The insurance cover a businessman who buys goods from lagos and wants to transport it to kano would require is
88
The policy cover with musa insurance is
89
The maximum aount to be paid for kayode's shop that was damged is
90
The claims on kayode's shop would be paid by
91
What is the premium payable for the comprehensive cover
92
The document issued to Eke within one week of the contract is
93
The second document issued to the Eke is
94
peril in insurance means
95
The body charged with the responsibility to promote and uphold universally accepted standards in insurance business
96
when a policy is cancelled before its expiry date, what is owed to the insured is
97
The person named to recieve the life assurance proceeds after the date of the life assured is?
98
A term insurance policy is cheap because?
99
which of the following benefits will be covered under personal accident insurance
100
An attachment to an insurance policy that modifies the policy is?
101
An event sufficiently related to a legally recognizable injury to be the cause of that injury is?
102
which of the following professionals assist in determining the actual cost of a loss to be paid by an insurer on a claim
103
A blanket policy in fidelity guarantee insurance is to cover
104
A ''no claim discount'' will be granted under
105
To insure any property, the insured must have
106
A motor policy that provides cover for the loss or damage of a vehicle used for farming purposes is
107
one of the difference between contract of life assurance and non life insurance is?
108
The duty of a loss assessor is to ensure
109
which class of insurance would be required by a petrol filling station operator whose operation involve high financial transactions?
110
which of the following conditions must be met before and insurer is under obligation to pay claim
111
A risk classified is uninsurable when the
112
A profefessional charged with the responsibility of assessing loss in insurance
113
A clause that prevents the insurer from paying under a policy if the insured killed himself is?
114
A component of an insurance policy document that introduces the parties to the contract is,
115
The responsibility of the institute of loss adjuster is to?
116
The process of transfering a risk already taken by an insurer to other insurers is?
117
In motor insurance, which of the following covers will take care of all parties that can be involded in an accident
118
A class of insurance that covers policy holders for losses caused by fruadulent employees is?
119
Risk assumed by more than one insurance company and shared accordingly
120
An insurance cover that protects experts from bearing the cost of negligence arising from their service?
121
which of the following policies can be used as security for a loan.
122
the insurance prinsiple that deals with mr adeyem's failure to inform the insurer about his wife's usage of the car is?
123
what is the effect of the damage by rioters as regards the claim. he will?
124
what is the proximage cause of the damage to the car
125
surrender value is the amount payable if the insured
126
business interruption claims will only be settled if it is caused by?
127
which of the following is a subject matter of insurance in fire policy
128
An insurer will recover claims paid wrongly to an insured if
129
The principle of insurance that demands that the insured must stand to loss in the event of a loss before taking a policy is
130
A guarantee issue by an insurance company to support their client who is applying for a contract is
131
features of insurable risk include? (i) fortuity (ii) insurer (iii) utmost good faith (iv) financial value
132
A document used to alter the information contained in the schedule of a policy is?
133
Ex-gratia payment is made where there is
134
the sum assured is the value of the?
135
Hazard in insurance means?
136
A life insurance contract will be affected by failure to disclose?
137
A document used to provide evidence of insurance if the policy document is not imediately available is
138
To assess aviation risks, the underwriter would want to know the
139
The policy taken to cover loss of income that a business suffers when its facilities are closed due to a disaster is
140
A life policy where the insured cannot make claim himself because the payment cannot be made in his life time is
141
what is the sum assured for the policy
142
what is the term for the period he will be allowed to reinstate the contract
143
what is the term used for the amount payable to mr. Thomas if he chooses to discontinue with the contract
