An English Insurance Acts And History Knowledge Quiz!
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- 1.The fire insurance duty was imposed between?
- A.
1776 and 1832
- B.
1786 and 1896
- C.
1782 and 1896
- D.
1658 and 1980
- 2.Which of the following was an insurance law developed by the Babylonian traders?
- A.
Law of solon
- B.
Insurance contract
- C.
Code of sea law
- D.
Code of Hammurabi
- 3.Hazards caused by carelessness of the policy holder is called?
- A.
Moral hazard
- B.
Risk hazard
- C.
Morale hazard
- D.
Insurance hazard
- 4.China is a monetary economy
- A.
True
- B.
False
- 5.The financial interest an insured get from the subject matter is?
- A.
Subject matter of indemnity
- B.
Subject matter of insurance
- C.
Subject matter of risk
- D.
Subject matter of contract
- 6.The earliest form of insurance is?
- A.
Fire insurance
- B.
Motor insurance
- C.
Marine insurance
- D.
Life assurance
- 7.The Lloyds coffee shop was created by?
- A.
Edward lloyd, 1680s
- B.
Edward Taylor, 1680s
- C.
Frank edward, 1670s
- D.
Edward llyold, 1670s
- 8.------ was the first British agency company to be given to a Nigerian
- A.
Granite Insurance Company
- B.
Rock Insurance Company
- C.
Ruby Insurance Company
- D.
Marble Insurance Company
- 9.The first African indigenous insurance company was established in --------
- A.
1958
- B.
1956
- C.
1957
- D.
1969
- 10.A Bottomry contract represents??
- A.
Use of ship as security
- B.
Use of cargo as security
- C.
Use of loan as security
- D.
Use of deposited cash as security
- 11.The great fire of London happened in?
- A.
1666
- B.
1665
- C.
1766
- D.
1756
- 12.The liberation of the use of motor car was by?
- A.
Locomotive on Highway Act, 1896
- B.
Road Traffic Act, 1930
- C.
Road Traffic Act, 1934
- D.
Road Traffic Act, 1960
- 13.The form of insurance which is difficult to underwrite profitably is?
Questions: 25 | Attempts: 23361 | Last updated: Mar 22, 2022
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Questions: 35 | Attempts: 12348 | Last updated: Mar 21, 2022
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Sample QuestionThe Process of making and implementing decisions to handle loss exposure is known as __________
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