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Insurance 2016 WAEC Past Questions

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11

A ''no claim discount'' will be granted under 

  • A. fidelity guarantee insurance
  • B. marine insurance
  • C. life insurance
  • D. motor insurance
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12

To insure any property, the insured must have

  • A. insurable interest
  • B. goodwill
  • C. premium
  • D. valuable consideration
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13

A motor policy that provides cover for the loss or damage of a vehicle used for farming purposes is

  • A. private car policy
  • B. agricultural policy
  • C. special type policy
  • D. motor trades policy
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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14

one of the difference between contract of life assurance and non life insurance is?

  • A. non-life requires renewal while life does not
  • B. life requires renewal while non-life does not
  • C. life is subject to indemnity while non life is not
  • D. non-life is subject to compensation while life is not
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15

The duty of a loss assessor is to ensure

  • A. adequate compensation to the insured
  • B. payment of premium to the insurer
  • C. that risk manager identifies the risk properly
  • D. that insurance broker collects commission
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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
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts