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Tuesday, 21 April 2026
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Insurance Past Questions and Answers

Waec Insurance Questions

Question 66:
The expert who uses statistics to develop the premium payable in a life contract is an
  • A Adjuster
  • B Actuary
  • C Assesor
  • D Agent
View Answer & Explanation
Question 67:
The factor which increases the possibility of loss that emanates from the insured attitude is?
  • A Physical hazard
  • B Moral hazard
  • C Uninsured peril
  • D Excepted peril
View Answer & Explanation
Question 68:
The insured who suffered a loss would be entitled to the amount of compensation payable for the loss under the principle of?
  • A Insurable interest
  • B Utmost good faith
  • C Indemnity
  • D Contribution
View Answer & Explanation
Question 69:
The policy of insurance is signed by the?
  • A Representative of the insured
  • B Representative of the insurer
  • C Insurance broker
  • D Insurance consultant
View Answer & Explanation
Question 70:
The document that is legally required to be issued by insurers in respect of compulsory insurance is
  • A Cover note
  • B Endorsement
  • C Certificate
  • D Renewal note
View Answer & Explanation