Waec Insurance Past Questions
Question 111
The responsibility of the institute of loss adjuster is to?
- A. regulate the activities of its members
- B. settle disputes among insurance companies
- C. register all insurance practitioners
- D. act as intermediaries between government and its members
Question 112
A component of an insurance policy document that introduces the parties to the contract is,
- A. exceptional clause
- B. recital clause
- C. particular clause
- D. operative clause
Question 113
A clause that prevents the insurer from paying under a policy if the insured killed himself is?
- A. exceptional clause
- B. revival clause
- C. accidental clause
- D. suicide clause
Question 114
A profefessional charged with the responsibility of assessing loss in insurance
- A. underwriter
- B. adjuster
- C. actuary
- D. broker
Question 115
A risk classified is uninsurable when the
- A. extent of the loss can be calculated
- B. risk will occur no matter the precaution taken
- C. risk may not happen
- D. insurance company cannot pay
