Insurance 2017 Waec Past Questions and Answers

Question 21 :

• WAEC 2017

The policy of insurance is signed by the?

A. Representative of the insured
B. Representative of the insurer
C. Insurance broker
D. Insurance consultant

Question 22 :

• WAEC 2017

The document that is legally required to be issued by insurers in respect of compulsory insurance is

A. Cover note
B. Endorsement
C. Certificate
D. Renewal note

Question 23 :

• WAEC 2017

The class of insurance that does not require a certificate is?

A. Motor insurance
B. Marine insurance
C. Fire insurance
D. Aviation insurance

Question 24 :

• WAEC 2017

How many days are allowed in life insurance as days of grace

A. 25 days
B. 30 days
C. 35 days
D. 60

Question 25 :

• WAEC 2017

The person that buys a life insurance policy is an

A. Actuary
B. Assured
C. Assesor
D. Agent