Waec Insurance 2018 Past Questions and Answers

Question 11:

• WAEC 2018

payment of compensation under professional indemnity insurance would be influenced by?

A. Assault
B. Trespass
C. Nuisance
D. Negligence

Question 12:

• WAEC 2018

car plying the road seeking passengers for payment of fares are classified by insurers as?

A. Private motor
B. Commercial vehicle
C. Motor trade
D. General cartage

Question 13:

• WAEC 2018

musa lent obinna the sum of N2,000,000 i february 2015 which he promised to pay back at the end of the year.. musa decided to effect a life policy on obinna for a sum of N20,000


The subject matter of insurance in the package is?

A. Obinna's life
B. The N2,000,000 loan
C. Musa's life
D. The sum assured of N20,000

Question 14:

• WAEC 2018

An insurance policy is subject to a franchise of N115,000, how much would an insured who suffered of N120,000 recieve as compwnsation

A. N5,000
B. N115,000
C. N120,000
D. N235,000

Question 15:

• WAEC 2018

The insurance professional who assist the third party to evaluate the extent of loss in a motor accident is

A. A loss adjustor
B. A loss assessor
C. A consultant
D. An investigator