Question 6
Candidates were asked to outline and explain policies and covers in motor insurance.This question tested the ability of the candidates to state distinct features of different policies and covers under motor insurance.
Observation
Many candidates attempted the question but, the performance was poor as majority of them demonstrated poor understanding of motor insurance.
Some of the suggested answers are:
Types of policies in motor insurance are:
(i) private motor;
(ii) commercial vehicle;
(iii) motor cycle;
(iv) motor trade;
(v) agricultural and forestry vehicle;
(vi) special types.
Scopes of cover in motor insurance are:
'Act' only;
Third party only;
Third party, fire and theft;
Comprehensive.
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