Meaning of motor bike A motor bike means a two-wheel land motor vehicle with wheels in tandem (including an attached side car) that is built primarily for use on public roads. It may also mean a three-wheel land motor vehicle built primarily for use on public roads. Although motorcycles can be added to the personal…
HEALTH INSURANCE FRAUD Health insurance represents an important class of insurance policy to look out for. It helps you to pay for your health care needs s they arise. It may covers services that ranges from normal hospitals visits or doctor checks to serious illnesses. And it may also cover preventive health care services to…
INTRODUCTION Car insurance is one of the classes of insurance policies. It is the policy which covers the expenses for damages your car sustains due to accidents, or even theft. These situations can cause real financial and proprietary loss to you and damage to your car. In this article, we shall be discussing all you…
The Nigerian Insurance Act 2003 is the principal Insurance Law in Nigeria and it regulates insurance business in Nigeria. Section 1 of the Act makes provision for its application. The Act applies to all insurance businesses and insurers, other than insurance business carried by insurers of the following description. A friendly society. That is, an…
It has been observed that one of the major hazards facing an Insurance company is the risk of catastrophe. The solution to this risk is to transfer or spread part of the risks by means of Reinsurance. Reinsurance is very important as it serves as a means of enhancing financial security of Insurers within the…
WHAT IS A PET? A pet is an animal kept solely for the owner’s companionship and/or for the purpose of entertainment. It is usually not for laboratory, livestock, or a working animal. pet insurance represents an important aspect of our animal life. In most cases, Dogs and cats represent the commonest pet animals in the…
The concept of Insurance is an arrangement whereby one person- the Insurer, undertakes in return for a consideration- the Premium, to pay the policyholder, a certain sum of money or its equivalent on the happening of a certain event or upon incurring certain loss. It is a risk management platform. Impliedly, when you purchase insurance…
INTRODUCTION Farmers insurance is a category of insurance contract. It is the type of Insurance Policy that serves as a risk management tool for farmers. This is done through the provision of financial protection to them against loses. These losses may emanate from incidents such as drought, flood, hail, pests, wildlife and even fire outbreaks….