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Insurance 2018 WAEC Past Questions

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16

A condition precedent to an insurance contract is the

  • A. extent of the cover granted
  • B. right to cancel the insurance contract
  • C. right to take possession of damaged property
  • D. existence of the subject matter of insurance
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17

Addition of a new building to an existing fire and special perils insurance would be effected through the issuance of?

  • A. a new policy
  • B. an endorsement
  • C. a specification
  • D. a rectification
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18

claims paid by insurers in the event of loss is irrecoverable when the?

  • A. average clause is applied
  • B. sum insured has been exhausted
  • C. sum insured has not been exhausted
  • D. payment is and ex gratia basis
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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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19

The minimum cover for motorist in nigeria is?

  • A. ''Act'' only
  • B. third party only
  • C. fire and theft
  • D. comprehensive insurance
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20

The class of insurance under which a visitor who was bitten by her host dog would be compensated is?

  • A. personal liability insurance
  • B. public liability insurance
  • C. professional indemnity insurance
  • D. employers liability insurance
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