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Waec Insurance 2018 Past Questions and Answers

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Waec 2018 Insurance Past Questions

Question 31:


claims paid by insurers in the event of loss is irrecoverable when the?

A. Average clause is applied
B. Sum insured has been exhausted
C. Sum insured has not been exhausted
D. Payment is and ex gratia basis


Question 32:


The minimum cover for motorist in nigeria is?

A. ''Act'' only
B. Third party only
C. Fire and theft
D. Comprehensive insurance


Question 33:


The class of insurance under which a visitor who was bitten by her host dog would be compensated is?

A. Personal liability insurance
B. Public liability insurance
C. Professional indemnity insurance
D. Employers liability insurance


Question 34:


The legth of time in which a proposer is expected to effect changes in life insurance contract is?

A. Days of grace
B. Cooling off period
C. Rectification
D. Endorsement


Question 35:


modern insurance business was introduced into nigeria by?

A. American merchants
B. British merchants
C. French merchants
D. Portuguese merchants






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