Waec Insurance Past Questions For Year 2017
Question 1
A life policy holder enjoy days of grace
- A. at the inception of the policy
- B. at the renewal time of the policy
- C. when he surrenders the policy
- D. when the policy is paid up
Question 2
The right which an insurer has to stand in the place of the insured against a negligent party is?
- A. insurable interest
- B. subrogation
- C. proximate cause
- D. contribution
Question 3
information required in a proposal form for employer's liability is insurance include
- A. age and health condition of the employees
- B. the number of employees and the annual wage roll of the proposer
- C. nature and description of goods to be carried or dispatched
- D. the extent to which the vehicle of the proposer will be put to private use
Question 4
which type of insurance product is appropriate for a young couple who is embarking on a holiday trip abroad?
- A. whole life policy
- B. investment linked policy
- C. education endowment policy
- D. term assurance policy
Question 5
A method of providing indemnity under glass insurance policy is?
- A. cash payment
- B. repairs
- C. replacement
- D. reinstatement
