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Insurance Past Questions

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106

A motor policy that provides cover for the loss or damage of a vehicle used for farming purposes is

  • A. private car policy
  • B. agricultural policy
  • C. special type policy
  • D. motor trades policy
View Answer & Discuss WAEC 2016
107

one of the difference between contract of life assurance and non life insurance is?

  • A. non-life requires renewal while life does not
  • B. life requires renewal while non-life does not
  • C. life is subject to indemnity while non life is not
  • D. non-life is subject to compensation while life is not
View Answer & Discuss WAEC 2016
108

The duty of a loss assessor is to ensure

  • A. adequate compensation to the insured
  • B. payment of premium to the insurer
  • C. that risk manager identifies the risk properly
  • D. that insurance broker collects commission
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WAEC offline past questions - with all answers and explanations in one app - Download for free
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109

which class of insurance would be required by a petrol filling station operator whose operation involve high financial  transactions?

  • A. burglary policy
  • B. public liability policy
  • C. goods-in-transit policy
  • D. money policy
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110

which of the following conditions must be met before and insurer is under obligation to pay claim

  • A. loss notification
  • B. premium payment
  • C. completion of proposal form
  • D. submission of policy paper to the insurer
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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
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts