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Question 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? 

  • A.N20,000
  • B.N120,000
  • C.N80,000
  • D.N100,000
Objective

Question details

Exam body
WAEC
Subject
Insurance
Year
2018
Question no.
#33
Type
Objective
Previous · Q32The insurance professional who assist the third party to evaluate the extent of… Next · Q34 A loss assessor in a claim settlement process is representing the interest of…

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