Waec Insurance 2017 Past Questions and Answers

Question 36:

• WAEC 2017

which type of insurance product is appropriate for a young couple who is embarking on a holiday trip abroad?

A. Whole life policy
B. Investment linked policy
C. Education endowment policy
D. Term assurance policy

Question 37:

• WAEC 2017

information required in a proposal form for employer's liability is insurance include

A. Age and health condition of the employees
B. The number of employees and the annual wage roll of the proposer
C. Nature and description of goods to be carried or dispatched
D. The extent to which the vehicle of the proposer will be put to private use

Question 38:

• WAEC 2017

The reason for issuing certificate of motor insurance is that , it is

A. Required by law for all motor policy holders
B. A general practice world wide
C. A support to policy document
D. A replacement for the policy

Question 39:

• WAEC 2017

The principle of utmost good faith allows the insured

A. To accept all risks proposed for insurance
B. The right to sue the insurer
C. To make claim from more than one insurer
D. To make a full disclosure of the proposed risk

Question 40:

• WAEC 2017

A primary function of insurance is the?

A. Creation of a common pool
B. Provision of security
C. Stimulation of business enterprises
D. Loss prevention and control