Waec Insurance Past Questions
Question 106
which of the following conditions must be met before and insurer is under obligation to pay claim
- A. loss notification
- B. premium payment
- C. completion of proposal form
- D. submission of policy paper to the insurer
Question 107
which class of insurance would be required by a petrol filling station operator whose operation involve high financial transactions?
- A. burglary policy
- B. public liability policy
- C. goods-in-transit policy
- D. money policy
Question 108
The duty of a loss assessor is to ensure
- A. adequate compensation to the insured
- B. payment of premium to the insurer
- C. that risk manager identifies the risk properly
- D. that insurance broker collects commission
Question 109
one of the difference between contract of life assurance and non life insurance is?
- A. non-life requires renewal while life does not
- B. life requires renewal while non-life does not
- C. life is subject to indemnity while non life is not
- D. non-life is subject to compensation while life is not
Question 110
A motor policy that provides cover for the loss or damage of a vehicle used for farming purposes is
- A. private car policy
- B. agricultural policy
- C. special type policy
- D. motor trades policy