LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

RO 19

FIFTH SEMESTER – APRIL 2008

CO 5400 – INSURANCE

 

 

 

Date : 05/05/2008                Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

 

PART-A

Answer all the questions                                                               (10 X 2 = 20)

 

1. What do you mean by insurable interest?
2. Define insurance.
3. State any four differences between fire and marine insurance policies.
4. What do you mean by proximate clause?
5.  What is jettison?
6. What is average clause?
7. What is the difference between valued policy and valuable policy?
8. What is reinstatement clause under fire insurance?
9. What is surrender value?
10.  What is Hull insurance?

 

PART-B

Answer any Five questions                                                             (5 X 8 = 40)

 

1.  Briefly explain the different characteristics of insurance in brief.
2.  What are the different kinds of marine insurance policy?
3.  Explain the different functions of insurance.
4.   Briefly explain about Motor Insurance policy.
5. What are the uses of Fire Insurance?

16. Briefly explain about Burglary insurance policy.
17. Explain in detail about any Five Life insurance policies.
18. Explain the uses of Insurance to business

 

 

PART-C

Answer any Two questions                                                      (2 x 20 = 40)

 

19. What do you mean by Annuity? How is it different from insurance?

Explain the different types of annuity in detail

20. Explain the various clauses of Fire Insurance policy.
21. Explain the essential features of Insurance contract.

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

QB 12

FIFTH SEMESTER – November 2008

CO 5400 – INSURANCE

 

 

 

Date : 05-11-08                     Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

             PART -A

Answer ALL the questions:                                                                                       (10×2=20 marks)

 

1. What are currency policies?
2. What is meant by blanket policies?
3. Mention one difference between Actual Total Loss And Constructive Total Loss in a marine

insurance policy.

4. ”Insurance is not charity” – do you agree?
5. What does the theory of probability propose?
6. State any four marine insurance policies.
7. What is burglary insurance?
8. Note any two differences between Annuity Contracts and Life Insurance Policies.
9. What do you know about Jeevan Suraksha.
10. What is reinsurance?

 

                                                            PART -B

 

Answer any FIVE questions:                                                                                                 (5×8=40 marks)

 

11. Explain the advantages of insurance to an individual.
12. What are the functions of insurance?
13. Write down the principles of investment.
14. Write a note on personal accident insurance and bring out the features of the policy.
15. Mention any five types of bonus options under life insurance
16. Specify and explain the marine perils which result in marine losses.
17. Differentiate between life insurance and fire insurance.
18. What are the methods of reinsurance?

 

PART -C

 

Answer any TWO of the following questions:                                                          (2×20=40 marks)

 

19. What are the important clauses incorporated in a marine policy?
20. Describe the different kinds of fire insurance policies.
21. Explain the nature of life insurance contract.

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