Waec Insurance 2018 Past Questions and Answers

Question 51:

• WAEC 2018

(a) Explain a fidelity guarantee insurance policy.
(b) List and explain the four types of policies in fidelity guarantee insurance.

Question 52:

• WAEC 2018

(a) State three roles of National Insurance Commission.
(b) List and explain three methods of providing indemnity.

Question 53:

• WAEC 2018

(a) Outline three features of life assurance.
(b) State three benefits each of life assurance to the;
(i) individuals
(ii) government

Question 54:

• WAEC 2018

(a) Who is a loss assessor?
(b) Explain three roles of a loss assessor.
(c) State foul-functions of the Chartered Insurance Institute of Nigeria.

Question 55:

• WAEC 2018

(a) List six experts that would require professional indemnity insurance in their operations.
(b) Explain the cover provided by each of the following insurance 'policies:
(i) personal liability
(ii) public liability
(ii) professional indemnity