Insurance Past Questions

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45 questions JAMB 1 WAEC 143 CUSTOM 1
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Past Questions

45 questions
Question 1 of 20 45 total questions
Question 1
waec 2017

The second document issued to the Eke is

Asatisfaction note
Brenewal notice
Cproposal form
Dcertificate of insurance
View Explanation & Discuss
Question 2
waec 2017

The document issued to Eke within one week of the contract is

Acover note
Bproposal form
Csatisfaction note
Drenewal notice
View Explanation & Discuss
Question 3
waec 2017

What is the premium payable for the comprehensive cover

AN37,000
BN150,000
CN155,000
DN187,500
View Explanation & Discuss
Question 4
waec 2017

The claims on kayode's shop would be paid by

Amusa and okon insurance company
Bmusa insurance company
Cokon insurance company
DMr Adekunle only
View Explanation & Discuss
Question 5
waec 2017

The maximum aount to be paid for kayode's shop  that was damged is

AN15,000
BN30,000
CN45,000
DN60,000
View Explanation & Discuss
Question 6
waec 2017

The policy cover with musa insurance is

Aaveragely insured
Bfully insured
Cunder insured
Dover insured
View Explanation & Discuss
Question 7
waec 2017

The insurance cover a businessman who buys goods from lagos and wants to transport it to kano would require is

Amarine insurance
Bbusiness interruption insurance
Ctheft insurance
Dgoods in transit insurance
View Explanation & Discuss
Question 8
waec 2017

The first insurance company to establish its branch office in Nigeria is

ANorwich insurance company
BRoyal exchange assurance
CYorkshire insurance company
Dphoenix of Nigeria assurance company
View Explanation & Discuss
Question 9
waec 2017

The policy which covers either death or disability resulting from an injury is

Apersonal accident insurance
Bfidelity guaranteed
Csickness insurance
Dmotor insurance
View Explanation & Discuss
Question 10
waec 2017

The document used by the insurer to ask questions about a risk to be covered is 

Acertificates
Bproposal form
Cpolicy form
Dschedule
View Explanation & Discuss
Question 11
waec 2017

The type of life insurance policy where the premium goes towards the policy with no interest element is

Aendowment policy
Bwhole life insurance
Cannuity policy
Dterm insurance
View Explanation & Discuss
Question 12
waec 2017

The part of a policy that describes the event that led to  a loss is

Aoperative clause
Brecital clause
Cheading
Dschedule
View Explanation & Discuss
Question 13
waec 2017

which of the following professionals is an operator in the reinsurance market?

Aagent
Bconsultant
Cbroker
Dadjuster
View Explanation & Discuss
Question 14
waec 2017

A policy that covers a trader against the risk of payment default by customer is

Astock insurance
Btrade insurance
Ccredit insurance
D
View Explanation & Discuss
Question 15
waec 2017

A life policy that pays the sum assured if the policy holder dies anytime within the policy period is

Aterm assurance
Bpure endowment
Cwhole life insurance
Dpersonal accident insurance
View Explanation & Discuss
Question 16
waec 2017

The insured who suffered a loss would be entitled to the amount of compensation payable for the loss under the principle of?

Ainsurable interest
Butmost good faith
Cindemnity
Dcontribution
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Question 17
waec 2017

The expert who uses statistics to develop the premium payable in a life contract is an

Aadjuster
Bactuary
Cassesor
Dagent
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Question 18
waec 2017

The factor which increases the possibility of loss that emanates from the insured attitude is?

Aphysical hazard
Bmoral hazard
Cuninsured peril
Dexcepted peril
View Explanation & Discuss
Question 19
waec 2017

Life policies can be used as a collateral for loan when the policy has?

Aceased to be life
Bbeen temporary suspended
Cacquired surrender value
Dbeen made paid-up
View Explanation & Discuss
Question 20
waec 2017

The body that regulates the activities of insurance market in Nigeria

ANational Insurance Commission
Bprofessional reinsurance association of nigeria
CNigeria insurers Association
DNigeria council of registered insurance brokers
View Explanation & Discuss
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