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Friday, 17 April 2026
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Insurance Past Questions and Answers

Waec Insurance Questions

Question 56:
The first insurance company to establish its branch office in Nigeria is
  • A Norwich insurance company
  • B Royal exchange assurance
  • C Yorkshire insurance company
  • D Phoenix of Nigeria assurance company
View Answer & Explanation
Question 57:
The policy which covers either death or disability resulting from an injury is
  • A Personal accident insurance
  • B Fidelity guaranteed
  • C Sickness insurance
  • D Motor insurance
View Answer & Explanation
Question 58:
The document used by the insurer to ask questions about a risk to be covered is
  • A Certificates
  • B Proposal form
  • C Policy form
  • D Schedule
View Answer & Explanation
Question 59:
A life policy that pays the sum assured if the policy holder dies anytime within the policy period is
  • A Term assurance
  • B Pure endowment
  • C Whole life insurance
  • D Personal accident insurance
View Answer & Explanation
Question 60:
A policy that covers a trader against the risk of payment default by customer is
  • A Stock insurance
  • B Trade insurance
  • C Fidelity insurance
  • D Credit insurance
View Answer & Explanation