Waec Insurance Past Questions and Answers

Question 31:

• WAEC 2018

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:

• WAEC 2018

The minimum cover for motorist in nigeria is?

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

Question 33:

• WAEC 2018

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:

• WAEC 2018

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:

• WAEC 2018

modern insurance business was introduced into nigeria by?

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