Question 141:

• WAEC 2016

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

Question 142:

• WAEC 2016

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

Question 143:

• WAEC 2014

Explain aviation insurance.
List and explain three covers provided by aviation insurance.


technical feasibility;
economic feasibility.

Question 144:

• WAEC 2014

(i) Explain ECOWAS Brown Card.

(ii) State two conditions under which ECOWAS Brown Card is issued
2. List and explain three types of policies available under motor insurance.

Question 145:

• WAEC 2014

Outline three properties covered in fire insurance.
Enumerate six special perils covered in fire insurance.
Explain three covers provided under standard fire policy.