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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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96

when a policy is cancelled before its expiry date, what is owed to the insured is

  • A. earned premium
  • B. unearned premium
  • C. return premium
  • D. unpaid premium
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97

The person named to recieve the life assurance proceeds after the date of the life assured is?

  • A. beneficiary
  • B. receiver
  • C. administrator
  • D. next of kin
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98

A term insurance policy is cheap because?

  • A. there is no claim if the insured survives the period
  • B. the claim is small and easy to pay
  • C. there is claim if the insured survives the period
  • D. there is no payment due to the 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
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99

which of the following benefits will be covered under personal accident insurance

  • A. burial expenses
  • B. medical expenses
  • C. legal expenses
  • D. mortuary expenses
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100

An attachment to an insurance policy that modifies the policy is?

  • A. applicable
  • B. variation list
  • C. log book
  • D. endorsement
View Answer & Discuss WAEC 2016
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts