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Insurance 2018 WAEC Past Questions

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musa lent obinna the sum of N2,000,000 i february 2015 which he promised to pay back at the end of the year..  musa decided to effect a life policy on obinna for a sum of N20,000 

41

The peril  insured against by musa is 

  • A. the loan
  • B. death
  • C. bad debt
  • D. disability
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42

one of the duties of  a loss adjustor is

  • A. advice the claimant on claims processing
  • B. ensure prompt payment of claims
  • C. estimate maximum loss
  • D. investigate the cause of loss
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43

family income benefit effected without capital benefit pays the sum assured from the date of?

  • A. death of the assured till a specified period
  • B. survival of the assured till a specified period
  • C. survival of the assured till a specified period
  • D. personal accident insurance
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44

A manufacturing company whose production was abruptly stopped by fire incidence would have its claim for loss of earning settled under the class of

  • A. fire insurance
  • B. all risk insurance
  • C. product liability insurance
  • D. consequential loss insurance
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45

An insurance that could be effected with profit feauture is

  • A. term insurance
  • B. public liability insurance
  • C. endowment assurance
  • D. personal accident insurance
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