LOYOLA COLLEGE (AUTONOMOUS), CHENNAI –600 034

B.Com, DEGREE EXAMINATION – COMMERCE

FIFTH SEMESTER – APRIL 2004

CO 5400/COM 400 – INSURANCE

17.04.2004                                                                                                           Max:100 marks

1.00 – 4.00

 

SECTION – A

 

Answer ALL questions                                                                                (10 ´ 2 = 20 marks)

 

1. Give the contractual definition of Insurance.
2. What is meant by Liability Insurance?
3. What is Lloyd’s Association?
4. What is the role of Employees State Insurance Corporation?
5. What is deposit Insurance Corporation?
6. What is meant by insurable interest.
7. Is insurance a gamble.
8. Distinguish Assignment from Nomination.
9. What is Hall insurance?
10. What is LIVESTOCK insurance?

 

SECTION – B

 

Answer any FIVE questions                                                                        (5 ´ 8 = 40 marks)

 

11. Explain the various kinds of Motor Insurance policies.
12. What are the uses of Fire Insurance?
13. Discuss the various type of Marine perils.
14. Explain the Principles of investments under Insurance.
15. What are the differences between Fire Insurance and Marine Insurance.
16. Discuss the uses of Insurance to an individual.
17. Write a note on Types of Insurance organization in India.
18. What are the differences between Anmity contracts and life Insurance polices.

 

SECTION – C

 

Answer any TWO questions                                                                        (2 ´ 20 = 40 marks)

 

19. Explain the essential features of Insurance contract.
20. Describe the various clauses of marine policy.
21. Write an essay on various kinds of Fire Insurance polices.

 

 

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI –600 034

B.Com., DEGREE EXAMINATION – COMMERCE

FIFTH SEMESTER – NOVEMBER 2004

CO 5400/COM 400 – INSURANCE

03.11.2004                                                                                                            Max:100 marks

9.00 – 12.00 Noon

 

 

SECTION – A

 

 

Answer ALL the questions. (5 lines each)                                              (10 ´ 2 = 20 marks)

 

1. Define Insurance as a Contract.
2. What is Lloyd’s Association?
3. What is Employees State Insurance Corporation?
4. What is JEEVAN SAATHI?
5. Write a note on JEEVAN KISHOR Policy.
6. Distinguish Annuity Contract from Life Insurance Contract.
7. What do you mean by Surrender value?
8. What is Hull Insurance?
9. What is the meaning of Fire under Fire Insurance Contract?
10. Define the term Burglary under Insurance.

 

SECTION – B

 

 

Answer any FIVE questions. (Answers should not exceed 2 pages each)    (5 ´ 8 = 40 marks)

 

11. Explain the functions of Insurance.
12. Discuss the various insurance organizations existing in India.
13. Bring out the differences between Fire Insurance and Life Insurance.
14. Explain four policies of Marine Insurance.
15. Discuss about the various Marine Perils.
16. How can you prevent the Loss by Fire?
17. Write a note on Cattle Insurance and Crop Insurance.
18. Explain the Principles of Investment.

 

SECTION – C

 

Answer any TWO questions. (Answers should not exceed 6 pages each)   (2 ´ 20 = 40 marks)

 

19. Discuss the role and Importance of Insurance.
20. Explain the Principles of Insurance Contract.
21. Describe the Various clauses of Marine Policy.

 

 

 

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             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.

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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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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

FIFTH SEMESTER – APRIL 2011

CO 5400 – INSURANCE

 

 

Date : 12-04-2011              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 the term Insurance?
2. State the contribution of “Lloyds” Association to the insurance industry.
3. What are the different types of marine insurance?
4. What is surrender value?
5. What is Pension plus plan?
6. State any four types of marine insurance policies.
7. State the objectives of valuation of surplus.
8. What is personal accident insurance?
9. What is jettison?
10. What is reinsurance?

 

PART B

Answer any FIVE Questions                                                                          5 X 8 = 40

 

11. Explain any eight policies of fire insurance.
12. Briefly explain the principles of investment.
13. What are the bases of calculating surrender value? Briefly explain them.
14. Explain the advantages of motor insurance?
15. Explain the importance of life insurance to an individual.
16. Describe the factors affecting longevity of a person.
17. Explain the functions of insurance.
18. Bring out the difference between the fire insurance contract and life insurance contract.

 

PART C

Answer any TWO Questions                                                                          2 X 20 = 40

 

19. Briefly explain the features of insurance contract.
20. Describe the various clauses of marine insurance policies.
21. Explain any TEN life insurance policies.

 

 

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

FIFTH SEMESTER – APRIL 2012

CO 5400 – INSURANCE

 

 

 

Date : 27-04-2012              Dept. No.                                        Max. : 100 Marks

Time : 1:00 – 4:00

SECTION- A

 

Answer ALL the Questions in this section:                                                                (10 x 2 = 20 Marks)

 

1. Define the term ‘Insurance’.
2. What is meant by ‘Bonus in reduction of premium’?
3. Write the meaning of ‘Inchmaree Clause’ of Marine Insurance.
4. Write the meaning of ‘Jeevan Darang’- a newly launched policy of LIC.
5. What is meant by ‘Assignment’ with regard to Life Insurance?
6. What is ‘Doctrine of subrogation’, related to Insurance?
7. What is the meaning of ‘Adverse mortality selection’ that is one of the surrender charges in Life Insurance?
8. What is meant by the ‘principle of cooperation’ in Insurance?
9. What is ‘Reinsurance’?
10. What do you understand by the application of average clause in payment of insurance claim?

 

SECTION- B

 

Answer any FIVE Questions in this section:                                                                   (5 x 8 = 40 Marks)

 

11. “Insurance is not to prevent risk, but to indemnify the losses arising from a certain risk”- Comment.
12. Distinguish between ‘Annuity Contracts’ and ‘Life Insurance Policies’.
13. What are the advantages of ‘Reinsurance’?
14. “Pure endowment grants protection against living long, while the term policy grants protection against living too short”. Discuss your views on this statement.
15. Critically examine the ‘Principles of Investment’ in relation to Insurance as laid down by Mr. A.H.Bailey.
16. Explain the various Marine perils.
17. Discuss the preventive efforts that could be taken to reduce the chance of occurrence of fire.
18. Explain the coverage and features of personal accident insurance.

 

SECTION- C

 

Answer any TWO Questions in this section:                                                (2 x 20 = 40 Marks)

 

19. Discuss in detail the importance of Insurance from the view point of Individuals, Business enterprises and society.
20. Explain briefly the features of Life Insurance Contract.
21. List out and explain the different fire insurance policies.

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

FIFTH SEMESTER – NOVEMBER 2012

CO 5400 – INSURANCE

 

 

Date : 10/11/2012             Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

 

SECTION-A

Answer all the questions:                                                                                                               (10×2=20)

 

1. What is the contractual definition of Insurance?
2. What is Jettison?
3. What is Constructive total loss?
4. What is Hull insurance?
5. Define Marine insurance
6. What is insurable interest?
7. What is Reversionary bonus?
8. What is Surrender value?
9. What is Burglary Insurance?
10. What is Pure Endowment policy?

 

                  SECTION-B

 

Answer any Five questions:                                                                                                         (5×8=40)

 

11. Explain the uses of insurance to individual and business.
12. Explain the principles of investment in insurance
13. Write a note on Motor insurance.
14. Explain any five policies of Marine insurance
15. Explain different losses under Marine Insurance policy
16. Discuss the conditions of Lapsation in life Insurance policy.
17. Explain any six life insurance policies
18. Explain the various types of Reinsurance

 

               SECTION-C                                                (2×20=40)

Answer any Three questions:                                                                 

                        

19. Explain different policies of Fire Insurance
20. What is Insurance contract? Explain the essentials of Insurance contract
21. What are the clauses of Marine Insurance?

 

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