Integral University 2009 Diploma Insurance Management Licentiate - Practice of General Insurance - Question Paper
2009 warr
MAY, 2009
LICENTIATE EXAMINATION PRACTICE OF GENERAL INSURANCE wtiS'sr:] [fKT-arsfj: 100
Time: 3 Hours] [Total Marks : 100
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3TrTH;fr'5rT 12 3T%f i Answer EIGHT questions only. Question ONE carries 16 marks but this is not compulsory. All other questions carry 12 marks each.
iv) There is a duty on the part of the insured to observe_
during the currency of the Policy.
v) I.R.D.A., Regulations provide for two classes of Brokers viz. Direct and_brokers.
vi ) Inspection of inland Transit Insurance is required to know whether Cargo had already suffered damage during_.
vii) Flight Insurance Coupon covers passengers against risk of_
or Permanant/Temporary disability.
viii) After acceptance of Risk, premium is quoted and accepted and thereafter_is issued.
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a) Solve:- Group Insurance Policy: Sum Insured amount Rate of premium No. of persons covered -Calculate the premium. b) Mediclaim Policy : Sum Insured Premium Calculate: i) Bonus - Rs. 5 lacs. 6 each 1 % + per capita charge Rs. 5 per person. 100 Rs. 5 lacs Rs. 8.000 if L.R. is 60% if L.R. is 125% |
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State whether following statements are true or false :- 2 each
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i) The proposals are examined in the light of the standards adopted for acceptance of a Risk.
ii) In Group Policy, discount on premium is granted depending upon number of persons covered.
iii) Normal Method of enforcing a Contract or Settling a dispute under an Insurance Policy is an action in Court of Law.
iv) In Satellite Insurance. Third Party Liability Claims are covered during launch phase.
v) In Personal Accident Insurance there is no Medical Expenses Extention.
vi) I.T.C. (Hulls) does not provide loss or damage caused by Jettison and Piracy.
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4. What are the salient features of the Proposal Forms? 12
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5. a) What are the Moral Hazards in underwriting?
b) What are the Physical Hazards under Fire Insurance?
6. HHfdfed (JR%ll/23) Expand the foil owing:- 1 Vi each
i) T.T.D.
ii) F.G.I.
iii) B.I.
iv) B.L.
v) L.M,
vi) C.L.
vii) B.I.P.
viii)EI.C.
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7. a) Describe the process of Risk Management. 6 each
b) What is the role of an insurer in risk Management?
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8. Differentiate between :- 12 Reserves for outstanding claims and Reserves for un-expired risks.
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9. Wrhat are the coverages under: 6 each
a) Jan Arogya Policy.
b) Janata Persona! Accident Policy?
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10. Write fully about Customer Service. 12
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| Earning: Approval pending. |
