Waec Insurance Past Questions For Year 2016
Question 46
A document used to provide evidence of insurance if the policy document is not imediately available is
- A. certificate
- B. cover note
- C. proposal form
- D. endorsement
Question 47
A life insurance contract will be affected by failure to disclose?
- A. correct address
- B. status of assured
- C. place of work
- D. correct date of birth
Question 48
mr. Thomas assured his life for the sum of N300,000.00 for a period of 20 years. The premium payable being N2,200.00 monthly.due to loss of employment, thomas was not able to pay the premium in the last 3 months .
what is the term used for the amount payable to mr. Thomas if he chooses to discontinue with the contract
- A. premium return
- B. reinstatement return
- C. terminal claim
- D. surrender value
Question 49
mr. Thomas assured his life for the sum of N300,000.00 for a period of 20 years. The premium payable being N2,200.00 monthly.due to loss of employment, thomas was not able to pay the premium in the last 3 months .
what is the term for the period he will be allowed to reinstate the contract
- A. cooling off period
- B. repayments
- C. days of grace
- D. lays days
Question 50
mr. Thomas assured his life for the sum of N300,000.00 for a period of 20 years. The premium payable being N2,200.00 monthly.due to loss of employment, thomas was not able to pay the premium in the last 3 months .
what is the sum assured for the policy
- A. N26,400
- B. N44,000
- C. N300,000
- D. N528,000
