Waec Insurance 2015 Past Questions and Answers

Question 1:

• WAEC 2015

WAEC 2015

List and explain five principles of insurance.

Question 2:

• WAEC 2015

WAEC 2015

Explain the following terms as used in insurance.
(a) re-insurance
(b) Loss adjusters
(c) underwriters
(d) brokers
(e) assessor

Question 3:

• WAEC 2015

WAEC 2015

(a)Define the term employer's liability in insurance.
(b)State three benefits that can be covered under employer's liability.
(c)State three causes of business interruption.

Question 4:

• WAEC 2015

WAEC 2015

Explain the following terms under marine insurance:
(a) hull policy
(b) cargo policy
(c) freight policy
(d) marine perils
(e) average

Question 5:

• WAEC 2015

WAEC 2015

List and explain three types of endowment policy.