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Insurance 2017 WAEC Past Questions

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31

A life policy that pays the sum assured if the policy holder dies anytime within the policy period is

  • A. term assurance
  • B. pure endowment
  • C. whole life insurance
  • D. personal accident insurance
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32

A policy that covers a trader against the risk of payment default by customer is

  • A. stock insurance
  • B. trade insurance
  • C. fidelity insurance
  • C. credit insurance
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33

which of the following professionals is an operator in the reinsurance market?

  • A. agent
  • B. consultant
  • C. broker
  • D. adjuster
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34

The part of a policy that describes the event that led to  a loss is

  • A. operative clause
  • B. recital clause
  • C. heading
  • D. schedule
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35

The type of life insurance policy where the premium goes towards the policy with no interest element is

  • A. endowment policy
  • B. whole life insurance
  • C. annuity policy
  • D. term insurance
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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
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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