Loyola College B.Com April 2006 Insurance Question Paper PDF Download

             LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

TH 13

FIFTH SEMESTER – APRIL 2006

                                                                 CO 5400 – INSURANCE

(Also equivalent to COM 400)

 

 

Date & Time : 03-05-2006/1.00-4.00 P.M.   Dept. No.                                                       Max. : 100 Marks

SECTION A (10 ´ 2 = 20 marks)

Answer ALL the questions.

  1. Why is ‘Life insurance’ considered as ‘Life Assurance’?
  2. Mention the reason why is a contract of ‘Life insurance’ not a ‘contract of indemnity’?
  3. Do you agree that a person who does not get his life or property insured gambles with his life or property?  Why?
  4. What is the significance of ‘Medi claim scheme’in ‘Personal Accident Insurance’?
  5. Specify any four sources of funds for an ‘insurance company’?
  6. When does risk commence in ‘Life insurance’?
  7. Can a policy holder revoke his life policy which he has already assigned to another?  Why?
  8. State the reason why is liability marine insurance taken?
  9. What is known as ‘Infidelity Extension’ in  ‘Burglary insurance’?
  10. What is the meaning of the term ‘Ignition’ in Fire insurance contract?

SECTION B (5 ´ 8 = 40 marks)

Answer any FIVE questions.

  1. How is insurance important to individuals?
  2. Specify and explain the marine perils which result in marine losses?
  3. State and explain the procedure of settlement of fire insurance claims?
  4. Briefly explain the ‘personal accident insurance’?
  5. ‘Insurance is not to prevent risk, but to indemnify the loses arising from a certain risk’ – comment.
  6. What are the features of insurance?
  7. Explain any five types of bonus options under life insurance?
  8. Specify and explain the methods of Reinsurance?

SECTION C (2 ´ 20 = 40 marks)

Answer any TWO questions

  1. Discuss the functions of insurance.
  2. Explain the clauses which are incorporated in a marine insurance policy?
  3. Describe the various fire insurance policies.

Go To Main Page

Latest Govt Job & Exam Updates:

View Full List ...

© Copyright Entrance India - Engineering and Medical Entrance Exams in India | Website Maintained by Firewall Firm - IT Monteur