Waec Insurance Past Questions
Question 1
A risk considered as sub standard in future can be dealt with by insurers through
(i) premium loading (ii) double insurance (iii) excess imposition
- A. I and II
- B. I and III
- C. II and III
- D. I,II and III
Question 2
one of the steps taken by an insurer in claim settlement is to?
- A. investigate the loss
- B. assess the risk
- C. present a claim
- D. appoint loss assessor
Question 3
full return of premium paid for a contract of insurance is applicable in a situation involving?
- A. double insurance
- B. reduction of cover
- C. absence of agreement
- D. financial distress
Question 4
The financial interest of the insured in an insurance policy is the
- A. subject matter of insurance
- B. subject matter of the contract
- C. assignment of the contract
- D. deed of the contract
Question 5
A document issued by an insurer giving temporary protection to the insure is?
- A. endorsement
- B. certificate
- C. proposal form
- D. cover note
