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Marine cargo insurance indemnifies the insured for a loss of?
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?
Non-indemnity insurance policies are referred to as
A risk considered as sub standard in future can be dealt with by insurers through
(i) premium loading (ii) double insurance (iii) excess imposition
one of the steps taken by an insurer in claim settlement is to?
full return of premium paid for a contract of insurance is applicable in a situation involving?
The financial interest of the insured in an insurance policy is the
A document issued by an insurer giving temporary protection to the insure is?
The second document issued to the Eke is
The document issued to Eke within one week of the contract is
What is the premium payable for the comprehensive cover
The claims on kayode's shop would be paid by
The maximum aount to be paid for kayode's shop that was damged is
The policy cover with musa insurance is
The insurance cover a businessman who buys goods from lagos and wants to transport it to kano would require is
The first insurance company to establish its branch office in Nigeria is
The policy which covers either death or disability resulting from an injury is
The document used by the insurer to ask questions about a risk to be covered is
The type of life insurance policy where the premium goes towards the policy with no interest element is
The part of a policy that describes the event that led to a loss is