Waec Insurance Past Questions For Year 2016
Question 26
In motor insurance, which of the following covers will take care of all parties that can be involded in an accident
- A. comprehensive
- B. Act only
- C. third party
- D. third party, fire and theft
Question 27
The process of transfering a risk already taken by an insurer to other insurers is?
- A. assurance
- B. re-investment
- C. reinsurance
- D. insurance
Question 28
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 29
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 30
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
