Waec Insurance Past Questions For Year 2016
Question 36
which of the following is a subject matter of insurance in fire policy
- A. building
- B. shares
- C. corporation
- D. money
Question 37
business interruption claims will only be settled if it is caused by?
- A. permanent disability
- B. machinery breakdown
- C. sickness
- D. death
Question 38
Hazard in insurance means?
- A. a situation that posses a threat to life or property
- B. a situation where there is no agreement
- C. event that cannot legally be insured
- D. event that has been insured in the past
Question 39
the sum assured is the value of the?
- A. claim
- B. policy
- C. premium
- D. penalty
Question 40
Ex-gratia payment is made where there is
- A. no legal liability obligation
- B. legal liability obligation
- C. need to refund a premium
- D. delay in payment of compensation
