Waec Insurance Past Questions
Question 31
one of the perils of nature is?
- A. heating
- B. earthquake
- C. civil commotion
- D. spontaneous combustion
Question 32
A loss assessor in a claim settlement process is representing the interest of the?
- A. insured
- B. insurer
- C. reinsurer
- D. broker
Question 33
A reinsurance cover of N100,000 in excess of N20,000 was entered by insurer K with reinsurer M. In the event of a loss amounting to N120,000, M would pay?
- A. N20,000
- B. N120,000
- C. N80,000
- D. N100,000
Question 34
The insurance professional who assist the third party to evaluate the extent of loss in a motor accident is
- A. a loss adjustor
- B. a loss assessor
- C. a consultant
- D. an investigator
Question 35
An insurance policy is subject to a franchise of N115,000, how much would an insured who suffered of N120,000 recieve as compwnsation
- A. N5,000
- B. N115,000
- C. N120,000
- D. N235,000
