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Insurance 2016 WAEC Past Questions

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41

the sum assured is the value of the?

  • A. claim
  • B. policy
  • C. premium
  • D. penalty
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42

Hazard in insurance means?

  • A. a situation that posses a threat to life or property
  • B. a situation where there is no agreement
  • C. event that cannot legally be insured
  • D. event that has been insured in the past
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43

A life insurance contract will be affected by failure to disclose?

  • A. correct address
  • B. status of assured
  • C. place of work
  • D. correct date of birth
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44

A document used to provide evidence of insurance if the policy document is not imediately available is

  • A. certificate
  • B. cover note
  • C. proposal form
  • D. endorsement
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45

To assess aviation risks, the underwriter would want to know the

  • A. size of the airport
  • B. financial capacity of the airline
  • C. age of the aircraft
  • D. staff strength of the airline
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