WAEC SSCE - Insurance - 2015

Explain the following terms under marine insurance:

(a)       hull policy

(b)       cargo policy

(c)       freight policy

(d)       marine perils

(e)       average

Maelezo ya Majibu

None

List and explain five principles of insurance.

Maelezo ya Majibu

None

(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.

Maelezo ya Majibu

None

List and explain three types of endowment policy.

Maelezo ya Majibu

None

Explain the following terms as used in insurance.

(a) re-insurance

(b) Loss adjusters

(c) underwriters

(d) brokers

(e) assessor

Maelezo ya Majibu

None

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

(b)State four characteristics of a cover note.

Maelezo ya Majibu

None