Waec Insurance Past Questions
Question 121
surrender value is the amount payable if the insured
- A. does not want to continue with the life policy
- B. does not want to continue with car insurance
- C. died when a policy is valid
- D. died when a policy is not valid
Question 122
Mr Aderemi owns a car which was insured under comprehensive policy. while insuring the car, he did not inform the company that his wife who have no driving licence also drives the car. the wife while driving the car, came face to face with rioters who damaged the car.
what is the proximage cause of the damage to the car
- A. misrepresentation
- B. inexperienced driving
- C. riot
- D. reckless driving
Question 123
Mr Aderemi owns a car which was insured under comprehensive policy. while insuring the car, he did not inform the company that his wife who have no driving licence also drives the car. the wife while driving the car, came face to face with rioters who damaged the car.
what is the effect of the damage by rioters as regards the claim. he will?
- A. not get anything
- B. be paid half
- C. get money from rioters
- D. be paid in full
Question 124
Mr Aderemi owns a car which was insured under comprehensive policy. while insuring the car, he did not inform the company that his wife who have no driving licence also drives the car. the wife while driving the car, came face to face with rioters who damaged the car.
the insurance prinsiple that deals with mr adeyem's failure to inform the insurer about his wife's usage of the car is?
- A. negligence
- B. misrepresentation
- C. untrue statement
- D. utmost good faith
Question 125
which of the following policies can be used as security for a loan.
- A. key-man policy
- B. endowment policy
- C. term insurance policy
- D. whole life insurance
