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What you'll be able to do (official learning outcomes)
explain how life assurance developed in its early years; 317
define the basic types of life assurance policy
define the ingredients of valid life assurance contract, and give examples of circumstances in which an insurer may repudiate a contract
explain the rules relating to notices of assignment, and distinguish different types of assignment
identify ingredients for valid trust, give details of how life assurance policies might be placed under trust; and
know what types of life reassurance are available, and understand how the different methods of reassurance work
Course contents
Development of life assurance. Types of cover available. How life policies are affected. Policy documentation. Trusts: trust creation, trustees, beneficiaries, trust including life policies, dealing with trust policies.
Source: the Nigerian Universities Commission (NUC) Core Curriculum and Minimum Academic Standards (CCMAS). StudyOps loads this syllabus automatically when you study INS 203.