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Wednesday, 15 April 2026
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Insurance Past Questions and Answers

Waec Insurance Questions

Question 41:
Marine cargo insurance indemnifies the insured for a loss of?
  • A Vessel
  • B Container
  • C Consignment
  • D Freight
View Answer & Explanation
Question 42:
An insured arranges for his premium payment to cease at the age of 70. This is a whole life policy with
  • A Indeterminate premium payment
  • B Limited premium payment
  • C Single premium payment
  • D Modified premium payment
View Answer & Explanation
Question 43:
One of the functions of the institute of loss adjuster of Nigeria is to
  • A Provide a forum to improve insurance business
  • B Prepare the insured's claims
  • C Offer technical services in claim investigation
  • D Adjust loss to suit the insured
View Answer & Explanation
Question 44:
A document issued by an insurer giving temporary protection to the insure is?
  • A Endorsement
  • B Certificate
  • C Proposal form
  • D Cover note
View Answer & Explanation
Question 45:
The financial interest of the insured in an insurance policy is the
  • A Subject matter of insurance
  • B Subject matter of the contract
  • C Assignment of the contract
  • D Deed of the contract
View Answer & Explanation