Bharathidasan University 2012-4th Sem B.Com Computer Applications , - exam paper

HOLY CROSS COLLEGE(Autonomous)TIRUCHIRAPPALLI-2
DEPARTMENT OF COMMERCE
II B.com.Degree Examination,SEMESTER-IV:I INTERNAL TEST:FEBRUARY 2012
ALLIED OPTIONAL-6:FUNDAMENTALS OF INSURANCE

Time:2 Hours code:UO8CO4AOTO6
Max marks:50

SECTION-A 10*1=10marks
ans all the questions:
select the accurate answer:
1.The concept of insurance is:
a)To make money out of death b)To earn interest
c)To earn a status d)To share losses by money

2.The concept of avg. clause is applied only in the case of:

a)over insurance b)reinsurance
c)under insurance d)double insurance

3.In life insurance insurable interest exist in the life of a person ranging from
a)husband and spouse b)bailor and bailee
c) administrator and executor d)owner of the ship and cargo

4.Match the subsequent and select the accurate panel:
1.Insurable interest a)Partners
2.Joint life policy b)Transfer of interest
3.Assignment c)Insurance on vessels
4.Hull clauses d)utmost good faith
e)Subject matter


5.Assertion and reasoning question:
Assertion:An implied warranty is an essential condition implied by the legal regulations.
Reason:It is not compulsorily written in the policy
a)Both assertion and cause are accurate and improper
b)The assertion is correct, but the cause provided is not improper.
c)The assertion and the cause statements are not accurate.
d)The assertion is false but the cause statement is a accurate.

II ans the subsequent in a sentence each:
6.Define Insurance.
7.What is avg. clause?
8.What do you mean by surrender value?
9.Bring out any 2 facts which need not be disclosed by the insured?
10.Define Marine Insurance.

SECTION-B 3*5=15marks

III.Answer all the ques. selecting 1 from every set:
11a)Briefly discuss the principles of Life insurance
OR
11b)What are the functions of Insurance agent?

12a)Distinguish ranging from nomination and assignment.
OR
12b)Bring out the differences ranging from general insurance and life insurance.

13a)Briefly discuss the clauses of marine insurance policy.
OR
13b)Distinguish ranging from Re-insurance and double insurance.


SECTION-C
IV.Answer any two: 2*12.5=25marks

14.Discuss the functions of insurance.

15.Elaborate the fundamental principles of insurance.

16.Explain the various types of life insurance.

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Earning:   Approval pending.