Waec Insurance 2017 Past Questions and Answers

Question 6:

• WAEC 2017

Adekunle bought a car for N2,000,000. he insured it with musa insurance company and okon insurance company for N600,000 and N800,000 respectively. on his way to his office, he had an accident which destroyed his windscreen valued at N30,000 and kayode's shop valued at N15,000.


The policy cover with musa insurance is

A. Averagely insured
B. Fully insured
C. Under insured
D. Over insured

Question 7:

• WAEC 2017

The insurance cover a businessman who buys goods from lagos and wants to transport it to kano would require is

A. Marine insurance
B. Business interruption insurance
C. Theft insurance
D. Goods in transit insurance

Question 8:

• WAEC 2017

The first insurance company to establish its branch office in Nigeria is

A. Norwich insurance company
B. Royal exchange assurance
C. Yorkshire insurance company
D. Phoenix of Nigeria assurance company

Question 9:

• WAEC 2017

The policy which covers either death or disability resulting from an injury is

A. Personal accident insurance
B. Fidelity guaranteed
C. Sickness insurance
D. Motor insurance

Question 10:

• WAEC 2017

The document used by the insurer to ask questions about a risk to be covered is

A. Certificates
B. Proposal form
C. Policy form
D. Schedule