Waec Insurance 2016 Past Questions and Answers

Question 31:

• 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 32:

• 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

Question 33:

• WAEC 2016

A profefessional charged with the responsibility of assessing loss in insurance

A. Underwriter
B. Adjuster
C. Actuary
D. Broker

Question 34:

• WAEC 2016

A clause that prevents the insurer from paying under a policy if the insured killed himself is?

A. Exceptional clause
B. Revival clause
C. Accidental clause
D. Suicide clause

Question 35:

• WAEC 2016

A ''no claim discount'' will be granted under

A. Fidelity guarantee insurance
B. Marine insurance
C. Life insurance
D. Motor insurance