Question 121:

• WAEC 2016

In motor insurance, which of the following covers will take care of all parties that can be involded in an accident

A. Comprehensive
B. Act only
C. Third party
D. Third party, fire and theft

Question 122:

• WAEC 2016

A class of insurance that covers policy holders for losses caused by fruadulent employees is?

A. All risk policy
B. Key-man policy
C. Fidelity guarantee policy
D. Money insurance policy

Question 123:

• WAEC 2016

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

Question 124:

• WAEC 2016

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

Question 125:

• WAEC 2016

A risk classified is uninsurable when the

A. Extent of the loss can be calculated
B. Risk will occur no matter the precaution taken
C. Risk may not happen
D. Insurance company cannot pay