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Insurance 2016 WAEC Past Questions

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16

which class of insurance would be required by a petrol filling station operator whose operation involve high financial  transactions?

  • A. burglary policy
  • B. public liability policy
  • C. goods-in-transit policy
  • D. money policy
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17

which of the following conditions must be met before and insurer is under obligation to pay claim

  • A. loss notification
  • B. premium payment
  • C. completion of proposal form
  • D. submission of policy paper to the insurer
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18

A risk classified is uninsurable when the

  • A. extent of the loss can be calculated
  • B. risk will occur no matter the precaution taken
  • C. risk may not happen
  • D. insurance company cannot pay
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19

A profefessional charged with the responsibility of assessing loss in insurance

  • A. underwriter
  • B. adjuster
  • C. actuary
  • D. broker
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20

A clause that prevents the insurer from paying under a policy if the insured killed himself is?

  • A. exceptional clause
  • B. revival clause
  • C. accidental clause
  • D. suicide clause
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts