Insurance Past Questions

Question 21

waec 2017

A method of providing indemnity under glass insurance policy is?

Acash payment

Brepairs

Creplacement

Dreinstatement

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Question 22

waec 2017

A functional reinsurance is that it

Aprotects the account of the insurer against large claims

Bdiscourage the spread of risk in the insurance market

Cprovides protection for uninsured losses

Dencourages the insured to make claims from more than one insurer

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Question 23

waec 2017

which of the following factors is not considered when calculating premium in life assurance policy

Aexpense

Bmortality

Cinterest

Dlosses

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Question 24

waec 2017

A life policy holder enjoy days of grace

Aat the inception of the policy

Bat the renewal time of the policy

Cwhen he surrenders the policy

Dwhen the policy is paid up

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Question 25

waec 2017

The right which an insurer has to stand in the place of the insured against a negligent party is?

Ainsurable interest

Bsubrogation

Cproximate cause

Dcontribution

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