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Insurance 2017 WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1

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
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2

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
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3

which of the following factors is not considered when calculating premium in life assurance policy

  • A. expense
  • B. mortality
  • C. interest
  • D. losses
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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
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
4

A functional reinsurance is that it

  • A. protects the account of the insurer against large claims
  • B. discourage the spread of risk in the insurance market
  • C. provides protection for uninsured losses
  • D. encourages the insured to make claims from more than one insurer
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5

A method of providing indemnity under glass insurance policy is?

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