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Wednesday, 22 April 2026
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Insurance Past Questions and Answers

Waec Insurance Questions

Question 111:
business interruption claims will only be settled if it is caused by?
  • A Permanent disability
  • B Machinery breakdown
  • C Sickness
  • D Death
View Answer & Explanation
Question 112:
which of the following is a subject matter of insurance in fire policy
  • A Building
  • B Shares
  • C Corporation
  • D Money
View Answer & Explanation
Question 113:
An insurer will recover claims paid wrongly to an insured if
  • A It was ex-gratia payment
  • B There was a mistake of law
  • C The premium had not been paid
  • D It was effected by court order
View Answer & Explanation
Question 114:
Risk assumed by more than one insurance company and shared accordingly
  • A Co-insurance
  • B Joint insurance
  • C Re-insurance
  • D Group insurance
View Answer & Explanation
Question 115:
An insurance cover that protects experts from bearing the cost of negligence arising from their service?
  • A Fidelity guarantee insurance
  • B Third party liability insurance
  • C Professional indemnity insurance
  • D Product liability insurance
View Answer & Explanation