WAEC Commerce 2013 Question 50

Question 50

Insurance

To take an insurance policy, an applicant must first complete a/an

  1. A.proposal form.
  2. B.cover note.
  3. C.certificate of insurance.
  4. D.advice note.
Show the answer and explanation

Answer: A (proposal form.)

Explanation

The proposal form gives the insurer the facts it needs to accept the risk.