Insurance Past Questions

Question 71

waec 2016

A term insurance policy is cheap because?

Athere is no claim if the insured survives the period

Bthe claim is small and easy to pay

Cthere is claim if the insured survives the period

Dthere is no payment due to the insured

View Explanation & Discuss

Question 72

waec 2016

The person named to recieve the life assurance proceeds after the date of the life assured is?

Abeneficiary

Breceiver

Cadministrator

Dnext of kin

View Explanation & Discuss

Question 73

waec 2016

when a policy is cancelled before its expiry date, what is owed to the insured is

Aearned premium

Bunearned premium

Creturn premium

Dunpaid premium

View Explanation & Discuss

Question 74

waec 2016

The body charged with the responsibility to promote and uphold universally accepted standards in insurance business

ANigeria council of registered insurance brokers

Bchartered insurance institute of Nigeria

CNational insurers association

DNigeria insurance commission

View Explanation & Discuss

Question 75

waec 2016

peril in insurance means

Apayment that is made by insurance

Bevents that lead to a loss

Cexposure to no risk at all

Dmoney that is paid for insurance

View Explanation & Discuss