Insurance Past Questions

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145 questions JAMB 1 WAEC 143 CUSTOM 1
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Past Questions

145 questions
Question 1 of 20 145 total questions
Question 61
waec 2016

A class of insurance that covers policy holders for losses caused by fruadulent employees is?

Aall risk policy
Bkey-man policy
Cfidelity guarantee policy
Dmoney insurance policy
View Explanation & Discuss
Question 62
waec 2016

In motor insurance, which of the following covers will take care of all parties that can be involded in an accident

Acomprehensive
BAct only
Cthird party
Dthird party, fire and theft
View Explanation & Discuss
Question 63
waec 2016

The process of transfering a risk already taken by an insurer to other insurers is?

Aassurance
Bre-investment
Creinsurance
Dinsurance
View Explanation & Discuss
Question 64
waec 2016

The responsibility of the institute of loss adjuster is to?

Aregulate the activities of its members
Bsettle disputes among insurance companies
Cregister all insurance practitioners
Dact as intermediaries between government and its members
View Explanation & Discuss
Question 65
waec 2016

A component of an insurance policy document that introduces the parties to the contract is,

Aexceptional clause
Brecital clause
Cparticular clause
Doperative clause
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Question 66
waec 2016

A clause that prevents the insurer from paying under a policy if the insured killed himself is?

Aexceptional clause
Brevival clause
Caccidental clause
Dsuicide clause
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Question 67
waec 2016

A profefessional charged with the responsibility of assessing loss in insurance

Aunderwriter
Badjuster
Cactuary
Dbroker
View Explanation & Discuss
Question 68
waec 2016

A risk classified is uninsurable when the

Aextent of the loss can be calculated
Brisk will occur no matter the precaution taken
Crisk may not happen
Dinsurance company cannot pay
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Question 69
waec 2016

which of the following conditions must be met before and insurer is under obligation to pay claim

Aloss notification
Bpremium payment
Ccompletion of proposal form
Dsubmission of policy paper to the insurer
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Question 70
waec 2016

which class of insurance would be required by a petrol filling station operator whose operation involve high financial  transactions?

Aburglary policy
Bpublic liability policy
Cgoods-in-transit policy
Dmoney policy
View Explanation & Discuss
Question 71
waec 2016

The duty of a loss assessor is to ensure

Aadequate compensation to the insured
Bpayment of premium to the insurer
Cthat risk manager identifies the risk properly
Dthat insurance broker collects commission
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Question 72
waec 2016

one of the difference between contract of life assurance and non life insurance is?

Anon-life requires renewal while life does not
Blife requires renewal while non-life does not
Clife is subject to indemnity while non life is not
Dnon-life is subject to compensation while life is not
View Explanation & Discuss
Question 73
waec 2016

A motor policy that provides cover for the loss or damage of a vehicle used for farming purposes is

Aprivate car policy
Bagricultural policy
Cspecial type policy
Dmotor trades policy
View Explanation & Discuss
Question 74
waec 2016

To insure any property, the insured must have

Ainsurable interest
Bgoodwill
Cpremium
Dvaluable consideration
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Question 75
waec 2016

A ''no claim discount'' will be granted under 

Afidelity guarantee insurance
Bmarine insurance
Clife insurance
Dmotor insurance
View Explanation & Discuss
Question 76
waec 2016

A blanket policy in fidelity guarantee insurance is to cover

Acashiers handling cash
Ball staff that may handle cash
Ccash from office to bank
Dall receivables of the company
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Question 77
waec 2016

which of the following professionals assist in determining the actual cost of a loss to be paid by an insurer on a claim

Aloss adjuster
Binsurance broker
Cactuary
Dsurveyor
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Question 78
waec 2016

An event sufficiently related to a legally recognizable injury to be the cause of that injury is?

Ahazard
Bremote clause
Cproximate cause
Dperil
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Question 79
waec 2016

An attachment to an insurance policy that modifies the policy is?

Aapplicable
Bvariation list
Clog book
Dendorsement
View Explanation & Discuss
Question 80
waec 2016

which of the following benefits will be covered under personal accident insurance

Aburial expenses
Bmedical expenses
Clegal expenses
Dmortuary expenses
View Explanation & Discuss
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