Syllabus content and objectives
Official WAEC Insurance outline · Detailed Syllabus
Content
Insurance definitions, history in Nigeria, essential features of contracts, risks classification, hazards, perils, functions of insurance, core principles (Insurable Interest, Utmost Good Faith, Proximate Cause, Indemnity, Subrogation, Contribution), proposal forms, cover notes, certificates of insurance, and policy documents
Objective
Define insurance history, legal frameworks, contract features, risks, hazards, perils, and primary/secondary functions; master core principles of Insurable Interest, Utmost Good Faith, Proximate Cause, Indemnity, Subrogation, and Contribution; evaluate proposal forms, cover notes, insurance certificates, and policy components.
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