WAEC Insurance 2015 Past Questions & Answers
Practise all 31 WAEC Insurance questions from the 2015 exam, each with a worked answer and explanation. Free CBT-format practice on web, iOS and Android.
8 questions from the 2015 WAEC Insurance paper
Try them on paper first. The correct options and worked answers are in the app.
1.A new Nissan car valued at N= 350,000 was used to replace a Peugeot car with a sum insured N= 250.000 in private policy. The Peugeot car enjoys a 25% no claim discount. If the rate of premium is 11% and the no claim discount is transferred to the new vehicle, what would be the premium for the new Nissan car?
- A.N= 20,625
- B.N= 27,500
- C.N= 28,875
- D.N= 38,500
2.Which of the following statements is true about property insurance?
- A.The probability that the event may occur
- B.The probability that the event will not occur
- C.The probability that the event may or may not occur
- D.The probability that the event must occur
3.Life assurance contract is useful to a policyholder in the area of
- A.production
- B.protection
- C.industrialization
- D.rehabilitation
4.A trade group for insurance companies in Nigeria is called
- A.Chartered Insurance Institute of Nigeria
- B.National Insurance Commission
- C.Nigerian Corporation of Registered Insurance Brokers
- D.Nigerian Insurers Association
5.Cover note in motor insurance is issued for a period not exceeding
- A.30 days
- B.60 days
- C.90 days
- D.120 days
6.In which of the following classes of insurance is no claim discount applicable?
- A.Money insurance
- B.Marine insurance
- C.Motor insurance
- D.Aviation insurance
7.The difference between theft and burglary insurance lies in evidence of
- A.pilfering of insured items
- B.removal of insured items by tricks
- C.forceful violent entry or exit affecting insured items
- D.threat leading to loss of insured items
8.Which of the following is the function of a loss adjuster?
- A.Ensures payment of adequate compensation
- B.Advises the insurer on claim
- C.Operates with unlimited authority
- D.Notifies insurer of the loss
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Sign up to see answersAbout the 2015 WAEC Insurance paper
These are real WAEC Insurance questions from the 2015 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 2015 theory paper
The 2015 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 2015 — frequently asked
How many WAEC Insurance 2015 past questions are there?
ExamPadi has 31 WAEC Insurance questions from the 2015 exam, each with a worked answer and explanation.
Are the 2015 WAEC Insurance answers included?
Yes — every question has a worked answer, not just the correct option.
Does this help with the WAEC Insurance 2015 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 2015 theory paper.
Can I download the WAEC Insurance 2015 questions and answers as a PDF?
You can practise every 2015 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 2015 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.