Waec Insurance Past Questions

Question 106

which of the following conditions must be met before and insurer is under obligation to pay claim

waec 2016

  • A. loss notification
  • B. premium payment
  • C. completion of proposal form
  • D. submission of policy paper to the insurer
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Question 107

which class of insurance would be required by a petrol filling station operator whose operation involve high financial transactions?

waec 2016

  • A. burglary policy
  • B. public liability policy
  • C. goods-in-transit policy
  • D. money policy
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Question 108

The duty of a loss assessor is to ensure

waec 2016

  • 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
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Question 109

one of the difference between contract of life assurance and non life insurance is?

waec 2016

  • 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
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Question 110

A motor policy that provides cover for the loss or damage of a vehicle used for farming purposes is

waec 2016

  • A. private car policy
  • B. agricultural policy
  • C. special type policy
  • D. motor trades policy
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