Waec Insurance Past Questions For Year 2016
Question 1
The body charged with the responsibility to promote and uphold universally accepted standards in insurance business
- A. Nigeria council of registered insurance brokers
- B. chartered insurance institute of Nigeria
- C. National insurers association
- D. Nigeria insurance commission
Question 2
peril in insurance means
- A. payment that is made by insurance
- B. events that lead to a loss
- C. exposure to no risk at all
- D. money that is paid for insurance
Question 3
An attachment to an insurance policy that modifies the policy is?
- A. applicable
- B. variation list
- C. log book
- D. endorsement
Question 4
which of the following benefits will be covered under personal accident insurance
- A. burial expenses
- B. medical expenses
- C. legal expenses
- D. mortuary expenses
Question 5
A term insurance policy is cheap because?
- A. there is no claim if the insured survives the period
- B. the claim is small and easy to pay
- C. there is claim if the insured survives the period
- D. there is no payment due to the insured
