Annamalai University 2009-1st Year B.Com - Dual system - - I - - Elements of Insurance - Question Paper

B.Com / B.B.A DEGREE EXAMINATION, 2009
(DUAL DEGREE SYSTEM)
(FIRST YEAR)
(PART-I: PAPER -I)
111. ELEMENTS OF INSURANCE
May] [Time : three Hours
Maximum : 100 Marks

SECTION-A (8×5=40)
ans any 8 ques.
All ques. carry equal marks
1.State the benefits of insurance to the insured.
2.Distinguish ranging from surrender value and claim value.
3.What is nomination? State its purpose.
4.What do you mean by social insurance?
5.What is double insurance? Why is it taken?
6.State the importance of warranties.
7.Bring out the perils of the sea.
8.What is "Retirement annuity"? discuss its features briefly.
9.State the purpose of 'average clause' in fire policies.
10.Distinguish ranging from true total loss and constructive total loss.

SECTION-B (3×20=60)
ans any 3 ques.
All ques. carry equal marks

11.Define "Insurance". discuss its uses to business, and to the society.
12.Explain the general principles as applied to a life insurance contract.
13.Explain the kinds of marine insurance policies.
14."Fire insurance contract is a contract of indemnity and requires utmost good faith". explain.
15.Write short notes.
a)Consequential loss policy
b)Annuity contract
c)Double endowment policy
d)Lapse of policies.

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Earning:   Approval pending.