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Wednesday, 22 April 2026
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Insurance Past Questions and Answers

Waec Insurance Questions

Question 126:
A profefessional charged with the responsibility of assessing loss in insurance
  • A Underwriter
  • B Adjuster
  • C Actuary
  • D Broker
View Answer & Explanation
Question 127:
A clause that prevents the insurer from paying under a policy if the insured killed himself is?
  • A Exceptional clause
  • B Revival clause
  • C Accidental clause
  • D Suicide clause
View Answer & Explanation
Question 128:
A ''no claim discount'' will be granted under
  • A Fidelity guarantee insurance
  • B Marine insurance
  • C Life insurance
  • D Motor insurance
View Answer & Explanation
Question 129:
To insure any property, the insured must have
  • A Insurable interest
  • B Goodwill
  • C Premium
  • D Valuable consideration
View Answer & Explanation
Question 130:
A motor policy that provides cover for the loss or damage of a vehicle used for farming purposes is
  • A Private car policy
  • B Agricultural policy
  • C Special type policy
  • D Motor trades policy
View Answer & Explanation