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Wednesday, 22 April 2026
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Insurance Past Questions and Answers

Waec Insurance Questions

Question 136:
which of the following professionals assist in determining the actual cost of a loss to be paid by an insurer on a claim
  • A Loss adjuster
  • B Insurance broker
  • C Actuary
  • D Surveyor
View Answer & Explanation
Question 137:
A blanket policy in fidelity guarantee insurance is to cover
  • A Cashiers handling cash
  • B All staff that may handle cash
  • C Cash from office to bank
  • D All receivables of the company
View Answer & Explanation
Question 138:
peril in insurance means
  • A Payment that is made by insurance
  • B Events that lead to a loss
  • C Exposure to no risk at all
  • D Money that is paid for insurance
View Answer & Explanation
Question 139:
The body charged with the responsibility to promote and uphold universally accepted standards in insurance business
  • A Nigeria council of registered insurance brokers
  • B Chartered insurance institute of Nigeria
  • C National insurers association
  • D Nigeria insurance commission
View Answer & Explanation
Question 140:
when a policy is cancelled before its expiry date, what is owed to the insured is
  • A Earned premium
  • B Unearned premium
  • C Return premium
  • D Unpaid premium
View Answer & Explanation