WAEC Insurance 2014 Past Questions & Answers
Practise all 33 WAEC Insurance questions from the 2014 exam, each with a worked answer and explanation. Free CBT-format practice on web, iOS and Android.
8 questions from the 2014 WAEC Insurance paper
Try them on paper first. The correct options and worked answers are in the app.
1.The payment made when the insured is not entitled to claim under a policy is
- A.voluntary excess
- B.ex-gratia
- C.return premium
- D.premium
2.Which of the following risks are covered under engineering insurance?
- A.Material damage and liability cover
- B.Boiler and special perils cover
- C.Computer and explosion cover
- D.Property damage and business interruption cover
3.A prospective insured in an engineering insurance may be advised to purchase one of the following classes of insurance
- A.fire cover
- B.boiler cover
- C.tempest cover
- D.equipment cover
4.The class of insurance that covers legal liability to a third party for bodily injury and property damage caused by goods supplied is
- A.employer’s liability
- B.public liability
- C.professional indemnity
- D.products liability
5.The document that sets out the list of items covered in insurance is a
- A.manifest
- B.bill of lading
- C.policy list
- D.policy specification or form
6.In property insurance, which of the following is not a direct loss?
- A.Reinstating the property destroyed
- B.Replacing the property destroyed
- C.Repairing the property damaged
- D.Replacing third party property damaged
7.In classification of risks, what is the name given to a risk where the causes of events are linked to factors that are due to the society we live in?
- A.Dynamic risk
- B.Particular risk
- C.Speculative risk
- D.Fundamental risk
8.The owner of a life assurance policy who enters into an agreement to sell the ownership of the policy and beneficiary rights upon the death of the insured is called
- A.an underwriter
- B.a aviator
- C.a factor
- D.an assessor
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Sign up to see answersAbout the 2014 WAEC Insurance paper
These are real WAEC Insurance questions from the 2014 exam, sourced from the official paper. Theory + Objective + (where applicable) Practical · per subject. Practising a specific year shows you the style and difficulty the examiners set that year — useful for spotting recurring topics across 2010–2025.
Preparing for the WAEC Insurance 2014 theory paper
The 2014 WAEC Insurance paper has an objective section and a theory (essay) section — and both test the same syllabus. ExamPadi gives you the objective questions in CBT format with worked answers, the most efficient way to master the topics and the recall the theory paper rewards too.
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Other WAEC Insurance years
WAEC Insurance 2014 — frequently asked
How many WAEC Insurance 2014 past questions are there?
ExamPadi has 33 WAEC Insurance questions from the 2014 exam, each with a worked answer and explanation.
Are the 2014 WAEC Insurance answers included?
Yes — every question has a worked answer, not just the correct option.
Does this help with the WAEC Insurance 2014 theory paper too?
ExamPadi gives you the objective (multiple-choice) WAEC Insurance questions, each with a worked answer. The objective and theory papers test the same syllabus, so drilling these questions is also strong preparation for the 2014 theory paper.
Can I download the WAEC Insurance 2014 questions and answers as a PDF?
You can practise every 2014 WAEC Insurance question and answer free on the ExamPadi web and mobile apps, and the mobile app saves them for offline study — a faster, always-corrected alternative to a static PDF download.
Can I practise WAEC Insurance 2014 free?
Yes. The free tier gives 20 questions per day across any subject and year. Pro removes the cap and unlocks full timed mock exams.