CBT-Practice

WAEC Insurance · Section 1

Insurance Practice, Renewals, Claims, Premium, and Market Operators/Regulators

Detailed Syllabus

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Syllabus content and objectives

Official WAEC Insurance outline · Detailed Syllabus

Content

Re-insurance forms/functions, renewal notices, No Claim Discount (NCD), Long Term Agreement (LTA), claims processes, loss assessors/adjusters, premium rating factors, return premiums, market operators (buyers, sellers, intermediaries), and regulatory bodies (NAICOM, CIIN, NIA, NCRIB, ILAN)

Objective

Understand re-insurance types and functions; outline renewal procedures, NCD, and LTA; detail claims notification, documentation, investigation, and loss adjuster roles; calculate premium rating factors and return premiums; identify insurance market operators (brokers, agents, buyers, sellers); evaluate functions of regulators and professional institutes (NAICOM, CIIN, NIA, NCRIB, ILAN).

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