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Bcom 342: Agricultural Insurance Question Paper

Bcom 342: Agricultural Insurance

Course:Bachelor Of Commerce

Institution: Chuka University question papers

Exam Year:2013

CHUKA

UNIVERSITY

UNIVERSITY EXAMINATIONS
FOURTH YEAR EXAMINATIONS FOR THE AWARD OF
DEGREE OF BACHELOR OF COMMERCE
BCOM 342: AGRICULTURAL INSURANCE
STREAMS: BCOM Y4S1 TIME: 2 HOURS
DAY/DATE: MONDAY 22/4/2013 2.30 PM – 4.30 PM
INSTRUCTIONS:

• Answer ALL Questions
• Start each Question on a new page
• Do not write on Question paper.

1. You have just been employed by Mavuno insurance company in Kenya, and been asked
to come up with an agricultural policy for crops and livestock.

(i) Discuss the categories under which you would classify most of the important
risks in agriculture. [10 Marks]

(ii) Discuss the claim handling procedures you would propose for livestock insurance in case of loss due to accident or illness. [8 Marks]

(iii) Discuss the conditions for insurability of agricultural risks that you would consider. [10 Marks]

2. The intricate nature of agricultural production makes the subject of agricultural insurance to receive special treatment.

(i) Discuss the concepts of asymmetric information and systemic risks as they apply in agricultural insurance. [12 Marks]

(ii) Discuss the farmer employer’s liability insurance cover as you understand it, clearly showing the policy exclusions. [10 Marks]

3. There are strong arguments in the literature in favour of a role for the government in the area of risk management in agriculture.

(i) What is the justification for government intervention in agricultural insurance?
[10 Marks]

(ii) Discuss the potential fields of action for governments. [10 Marks]

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Bcom 342: Agricultural Insurance Question Paper

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