Question 81:

• WAEC 2017

The period of insurance in non-life insurance contract is usually

A. One month
B. One year
C. Two years
D. Three years

Question 82:

• WAEC 2017

The demand for payment made by the insured to the insurer following occurence of the event insured against is

A. Consideration
B. Gratification
C. Commission
D. Claim

Question 83:

• WAEC 2017

Term insurance benefits are payable

A. Maturity
B. At surrender
C. At death
D. Before maturity

Question 84:

• WAEC 2017

which type of insurance product is appropriate for a young couple who is embarking on a holiday trip abroad?

A. Whole life policy
B. Investment linked policy
C. Education endowment policy
D. Term assurance policy

Question 85:

• WAEC 2017

information required in a proposal form for employer's liability is insurance include

A. Age and health condition of the employees
B. The number of employees and the annual wage roll of the proposer
C. Nature and description of goods to be carried or dispatched
D. The extent to which the vehicle of the proposer will be put to private use