Waec Insurance Past Questions
Question 136
A life policy where the insured cannot make claim himself because the payment cannot be made in his life time is
- A. whole life policy
- B. annuity policy
- C. key-man policy
- D. endowment policy
Question 137
The policy taken to cover loss of income that a business suffers when its facilities are closed due to a disaster is
- A. group insurance
- B. business support
- C. fire insurance
- D. business interruption
Question 138
To assess aviation risks, the underwriter would want to know the
- A. size of the airport
- B. financial capacity of the airline
- C. age of the aircraft
- D. staff strength of the airline
Question 139
A document used to provide evidence of insurance if the policy document is not imediately available is
- A. certificate
- B. cover note
- C. proposal form
- D. endorsement
Question 140
A life insurance contract will be affected by failure to disclose?
- A. correct address
- B. status of assured
- C. place of work
- D. correct date of birth
