Waec Insurance Past Questions

Question 26

A general question in an insurance proposal form is

waec 2018

  • A. name of the proposal
  • B. carriage of fare-paying passenger
  • C. description of the proposers' premises
  • D. methods of construction
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Question 27

insurers requesting for membership of Nigeria Insurers Association is required by law to?

(i) have been registered with NAICOM (ii)operate with sound insurance principles (iii) hold membership of CHN (iv) ascribe to the policy holding of NIA

waec 2018

  • A. i, ii and iii only
  • B. i, ii and iv
  • C. i, iii and iv
  • D. ii, iii and iv
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Question 28

The winding up of an insurance is legally required to be based on a petition written from not less than

waec 2018

  • A. 30 policy holders
  • B. 40 policy holders
  • C. 50 policy holder
  • D. 60policy holders
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Question 29

contract of insurance which involves large industrial risks are handled for protection through the completion of?

waec 2018

  • A. a proposal form
  • B. a policy form
  • C. an endorsement
  • D. a slip
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Question 30

The document used pending the issuance of certificate in motor insurance policy is

waec 2018

  • A. a cover note
  • B. a proposal form
  • C. an endorsement
  • D. a slip
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