WAEC Insurance 2023 Past Questions & Answers
Practise all 7 WAEC Insurance questions from the 2023 exam, each with a worked answer and explanation. Free CBT-format practice on web, iOS and Android.
7 questions from the 2023 WAEC Insurance paper
Try them on paper first. The correct options and worked answers are in the app.
1.concealment of information considered to be material to the contract of insurance is violating the principle of?
- A.subrogation
- B.indemnity
- C.insurable interest
- D.utmost good faith
2.The form of term assurance that operates three options which must be excised before maturity is
- A.decreasing term insurance
- B.increasing term insurance
- C.level term insurance
- D.convertible term insurance
3.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
4.A condition precedent to an insurance contract is the
- A.extent of the cover granted
- B.right to cancel the insurance contract
- C.right to take possession of damaged property
- D.existence of the subject matter of insurance
5.one of the steps taken by an insurer in claim settlement is to?
- A.investigate the loss
- B.assess the risk
- C.present a claim
- D.appoint loss assessor
6.The right to effect a contract of insurance on the life of a debtor by the creditor is?
- A.utmost good faith
- B.proximate cause
- C.insurable interest
- D.contribution
7.insurer XYZ is jointly covered for two lines surplus treaty reinsurance by reinsurers I,J,K and L for a retention limit of N120,000. The amount of cession for reinsurer K if all reinsurers share the risk equally with the sum insured of N360,000 is?
- A.N45,000
- B.N60,000
- C.N90,000
- D.N120,000
See the answers and worked solutions free
Sign up to see answersAbout the 2023 WAEC Insurance paper
These are real WAEC Insurance questions from the 2023 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 2023 theory paper
The 2023 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.
Looking for the WAEC Insurance 2023 PDF download?
Instead of a static PDF that goes out of date, practise all 7 WAEC Insurance 2023 questions and answers free in the ExamPadi app — corrected, searchable, and available offline on Android and iOS. Start in your browser, then take it with you.
Other WAEC Insurance years
WAEC Insurance 2023 — frequently asked
How many WAEC Insurance 2023 past questions are there?
ExamPadi has 7 WAEC Insurance questions from the 2023 exam, each with a worked answer and explanation.
Are the 2023 WAEC Insurance answers included?
Yes — every question has a worked answer, not just the correct option.
Does this help with the WAEC Insurance 2023 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 2023 theory paper.
Can I download the WAEC Insurance 2023 questions and answers as a PDF?
You can practise every 2023 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 2023 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.