Waec Insurance 2016 Past Questions and Answers

Question 16:

• WAEC 2016

Mr Aderemi owns a car which was insured under comprehensive policy. while insuring the car, he did not inform the company that his wife who have no driving licence also drives the car. the wife while driving the car, came face to face with rioters who damaged the car.


what is the proximage cause of the damage to the car

A. Misrepresentation
B. Inexperienced driving
C. Riot
D. Reckless driving

Question 17:

• WAEC 2016

surrender value is the amount payable if the insured

A. Does not want to continue with the life policy
B. Does not want to continue with car insurance
C. Died when a policy is valid
D. Died when a policy is not valid

Question 18:

• WAEC 2016

business interruption claims will only be settled if it is caused by?

A. Permanent disability
B. Machinery breakdown
C. Sickness
D. Death

Question 19:

• WAEC 2016

which of the following is a subject matter of insurance in fire policy

A. Building
B. Shares
C. Corporation
D. Money

Question 20:

• WAEC 2016

An insurer will recover claims paid wrongly to an insured if

A. It was ex-gratia payment
B. There was a mistake of law
C. The premium had not been paid
D. It was effected by court order