WAEC SSCE - Insurance - 2015

(a)Define the term employer's liability in insurance.

(b)State three benefits that can be covered under employer's liability.

(c)State three causes of business interruption.

Antwortdetails

None

List and explain five principles of insurance.

Antwortdetails

None

Explain the following terms as used in insurance.

(a) re-insurance

(b) Loss adjusters

(c) underwriters

(d) brokers

(e) assessor

Antwortdetails

None

List and explain three types of endowment policy.

Antwortdetails

None

Explain the following terms under marine insurance:

(a)       hull policy

(b)       cargo policy

(c)       freight policy

(d)       marine perils

(e)       average

Antwortdetails

None

(a)List seven contents of a certificate of insurance.

(b)State four characteristics of a cover note.

Antwortdetails

None