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Insurance 2016 WAEC Past Questions

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1

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
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2

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
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3

when a policy is cancelled before its expiry date, what is owed to the insured is

  • A. earned premium
  • B. unearned premium
  • C. return premium
  • D. unpaid premium
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Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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4

The person named to recieve the life assurance proceeds after the date of the life assured is?

  • A. beneficiary
  • B. receiver
  • C. administrator
  • D. next of kin
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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
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free