Waec Insurance 2016 Past Questions and Answers

Question 6:

• WAEC 2016

To assess aviation risks, the underwriter would want to know the

A. Size of the airport
B. Financial capacity of the airline
C. Age of the aircraft
D. Staff strength of the airline

Question 7:

• WAEC 2016

A document used to provide evidence of insurance if the policy document is not imediately available is

A. Certificate
B. Cover note
C. Proposal form
D. Endorsement

Question 8:

• WAEC 2016

A life insurance contract will be affected by failure to disclose?

A. Correct address
B. Status of assured
C. Place of work
D. Correct date of birth

Question 9:

• WAEC 2016

Hazard in insurance means?

A. A situation that posses a threat to life or property
B. A situation where there is no agreement
C. Event that cannot legally be insured
D. Event that has been insured in the past

Question 10:

• WAEC 2016

the sum assured is the value of the?

A. Claim
B. Policy
C. Premium
D. Penalty