Waec Insurance Past Questions and Answers

Question 6:

• WAEC 2018

family income benefit effected without capital benefit pays the sum assured from the date of?

A. Death of the assured till a specified period
B. Survival of the assured till a specified period
C. Survival of the assured till a specified period
D. Personal accident insurance

Question 7:

• WAEC 2018

A manufacturing company whose production was abruptly stopped by fire incidence would have its claim for loss of earning settled under the class of

A. Fire insurance
B. All risk insurance
C. Product liability insurance
D. Consequential loss insurance

Question 8:

• WAEC 2018

An insurance that could be effected with profit feauture is

A. Term insurance
B. Public liability insurance
C. Endowment assurance
D. Personal accident insurance

Question 9:

• WAEC 2018

A condition which the insuring public would use to evaluate the financial stability of an insurer is?

A. Prompt payment of claims
B. Adequate reinsurance treaty
C. Allowance for ex-gratia payment
D. Settlement of investigated claims

Question 10:

• WAEC 2018

A factor to be considered before a proposal for endowment assurance is accepted is the proposer's?

A. Marital status
B. Place of birth
C. Date of birth
D. Social status