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Insurance 2017 WAEC Past Questions

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36

The document used by the insurer to ask questions about a risk to be covered is 

  • A. certificates
  • B. proposal form
  • C. policy form
  • D. schedule
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37

The policy which covers either death or disability resulting from an injury is

  • A. personal accident insurance
  • B. fidelity guaranteed
  • C. sickness insurance
  • D. motor insurance
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38

The first insurance company to establish its branch office in Nigeria is

  • A. Norwich insurance company
  • B. Royal exchange assurance
  • C. Yorkshire insurance company
  • D. phoenix of Nigeria assurance company
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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39

The insurance cover a businessman who buys goods from lagos and wants to transport it to kano would require is

  • A. marine insurance
  • B. business interruption insurance
  • C. theft insurance
  • D. goods in transit insurance
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Adekunle bought a car for N2,000,000. he insured it with musa insurance company and okon insurance company for N600,000 and N800,000 respectively. on his way to his office, he had an accident which destroyed his windscreen  valued at N30,000 and kayode's shop valued at N15,000. 

40

The policy cover with musa insurance is

  • A. averagely insured
  • B. fully insured
  • C. under insured
  • D. over insured
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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
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