Waec Insurance 2016 Past Questions and Answers

Question 41:

• WAEC 2016

An attachment to an insurance policy that modifies the policy is?

A. Applicable
B. Variation list
C. Log book
D. Endorsement

Question 42:

• WAEC 2016

An event sufficiently related to a legally recognizable injury to be the cause of that injury is?

A. Hazard
B. Remote clause
C. Proximate cause
D. Peril

Question 43:

• WAEC 2016

which of the following professionals assist in determining the actual cost of a loss to be paid by an insurer on a claim

A. Loss adjuster
B. Insurance broker
C. Actuary
D. Surveyor

Question 44:

• WAEC 2016

A blanket policy in fidelity guarantee insurance is to cover

A. Cashiers handling cash
B. All staff that may handle cash
C. Cash from office to bank
D. All receivables of the company

Question 45:

• WAEC 2016

peril in insurance means

A. Payment that is made by insurance
B. Events that lead to a loss
C. Exposure to no risk at all
D. Money that is paid for insurance