Waec Insurance Past Questions For Year 2016
Question 6
The person named to recieve the life assurance proceeds after the date of the life assured is?
- A. beneficiary
- B. receiver
- C. administrator
- D. next of kin
Question 7
when a policy is cancelled before its expiry date, what is owed to the insured is
- A. earned premium
- B. unearned premium
- C. return premium
- D. unpaid premium
Question 8
To insure any property, the insured must have
- A. insurable interest
- B. goodwill
- C. premium
- D. valuable consideration
Question 9
A ''no claim discount'' will be granted under
- A. fidelity guarantee insurance
- B. marine insurance
- C. life insurance
- D. motor insurance
Question 10
A blanket policy in fidelity guarantee insurance is to cover
- A. cashiers handling cash
- B. all staff that may handle cash
- C. cash from office to bank
- D. all receivables of the company
