Answers

 (a) State three roles of National Insurance Commission. (b) List and explain three methods of providing indemnity.   …

State five duties each of the following. (a) insurance brokers (b) insurance-agents (c) Nigerian Insurers Association.  Explanation (a)…

 Read the case below carefully and answer the questions which follow.              …

(a) What is reinsurance? (b) Explain four essential features of insurable interest.   Explanation (a) What is Reinsurance?…

(a) Outline three types Of policy in motor insurance. (b) List and explain three scopes of cover. in…

(a) Explain two factors that could reduce the amount of indemnity under an insurance-contract. (b) A property owned…

(a)(i) What is a proposal form? (ii) List four general questions that are contained in a proposal form.…

(a) Differentiate between whole life and endowment assurance. (b) State five uses of life assurance. (c) List and…

MADAM SCHOLASTICA’S HAIR SALON Madam Scholastica owns a big salon in centre of Lagos with fifty hair driers…

(a) Explain the following terms used in insurance. (i) peril (ii) hazard. (iii) disclosure. (b) Differentiate . between…