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Wednesday, 15 April 2026
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Insurance Past Questions and Answers

Insurance Questions

Question 26:
concealment of information considered to be material to the contract of insurance is violating the principle of?
  • A Subrogation
  • B Indemnity
  • C Insurable interest
  • D Utmost good faith
View Answer & Explanation
Question 27:
Extension cover under money insurance policy doesnt include?
  • A Shortage
  • B Hold-up
  • C Personal injury
  • D Damaged to safe
View Answer & Explanation
Question 28:
The form of term assurance that operates three options which must be excised before maturity is
  • A Decreasing term insurance
  • B Increasing term insurance
  • C Level term insurance
  • D Convertible term insurance
View Answer & Explanation
Question 29:
A condition precedent to an insurance contract is the
  • A Extent of the cover granted
  • B Right to cancel the insurance contract
  • C Right to take possession of damaged property
  • D Existence of the subject matter of insurance
View Answer & Explanation
Question 30:
Addition of a new building to an existing fire and special perils insurance would be effected through the issuance of?
  • A A new policy
  • B An endorsement
  • C A specification
  • D A rectification
View Answer & Explanation