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Wednesday, 22 April 2026
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Insurance Past Questions and Answers

Waec Insurance Questions

Question 121:
In motor insurance, which of the following covers will take care of all parties that can be involded in an accident
  • A Comprehensive
  • B Act only
  • C Third party
  • D Third party, fire and theft
View Answer & Explanation
Question 122:
A class of insurance that covers policy holders for losses caused by fruadulent employees is?
  • A All risk policy
  • B Key-man policy
  • C Fidelity guarantee policy
  • D Money insurance policy
View Answer & Explanation
Question 123:
which class of insurance would be required by a petrol filling station operator whose operation involve high financial transactions?
  • A Burglary policy
  • B Public liability policy
  • C Goods-in-transit policy
  • D Money policy
View Answer & Explanation
Question 124:
which of the following conditions must be met before and insurer is under obligation to pay claim
  • A Loss notification
  • B Premium payment
  • C Completion of proposal form
  • D Submission of policy paper to the insurer
View Answer & Explanation
Question 125:
A risk classified is uninsurable when the
  • A Extent of the loss can be calculated
  • B Risk will occur no matter the precaution taken
  • C Risk may not happen
  • D Insurance company cannot pay
View Answer & Explanation