The part of a policy that describes the event that led to a loss is
operative clause
recital clause
heading
schedule
Correct answer is A
The Operative clause in an insurance policy sets outs the circumstances that must be present before an insurance company will pay out any claims to insured parties.
which of the following professionals is an operator in the reinsurance market?
agent
consultant
broker
adjuster
Correct answer is C
An insurance broker is a specialist in insurance and risk management. Brokers act on behalf of their clients and provide advice in the interests of their clients.
A policy that covers a trader against the risk of payment default by customer is
stock insurance
trade insurance
fidelity insurance
credit insurance
Correct answer is C
Fidelity Guarantee Insurance provides insurance against direct financial loss to companies arising out of the dishonesty of their employees.
term assurance
pure endowment
whole life insurance
personal accident insurance
Correct answer is A
A term assurance policy will be set up to last for a certain period of time (usually a specific number of years or until you reach a certain age): this is known as the term of the policy. A payment will only be made in the event of your death during that period.
Graduate Trainee at Coleman Technical Industries Limited
Secretary in a Leading Telecommunication Company
Finance and Accounts Manager at Best Pest Exterminators Limited
Social Media Manager at Techmosaic Alliance Limited
Food Safety and Quality Control Officer at RiverBrand Energy Limited
Humanitarian Affairs Officer / Head of Field Coordination at the United Nations (UN)
Mid-Level Accountant at Esthod Global Services Nigeria Limited
Operations Manager - Completions at Weatherford Nigeria Limited
Senior Accountant at RiverBrand Energy Limited
Marketing Lead, Industrial Gas at Cometstar Manufacturing Company Limited