CIIN Certificate CF5 Practice Questions - CIIN Certificate CF5 - Motor Insurance Products (Nigeria) Exam

Which distribution channel is most commonly used for retail motor insurance in Nigeria?

Lloyd's underwriters placing risks directly at the Nigerian Stock Exchange Licensed insurance brokers, agents, and direct sales by NAICOM-authorised insurers Central Bank of Nigeria branch counters Mandatory purchase through vehicle manufacturers only

Correct Answer:

Licensed insurance brokers, agents, and direct sales by NAICOM-authorised insurers

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