Insurance WASSCE (SC), 2017

Question 2

  1. Explain the following terms as used in insurance:

(i)   peril;
(ii)  hazard;
(iii) disclosure.

  1. Differentiate between the following classes of risks:

(i)   pure and speculative risks;
(ii)  particular and fundamental risks;
(iii) static and dynamic risks.

 

Observation

Most candidates attempted the question and their performance was good.