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Bcom 344: Automobile Insurance Question Paper

Bcom 344: Automobile Insurance

Course:Bachelor Of Commerce

Institution: Chuka University question papers

Exam Year:2013

CHUKA

UNIVERSITY

UNIVERSITY EXAMINATIONS
THIRD YEAR EXAMINATION FOR THE AWARD OF
DEGREE OF BACHELOR OF COMMERCE
BCOM 344: AUTOMOBILE INSURANCE
STREAMS: BCOM Y3S2 TIME: 2 HOURS
DAY/DATE: WEDNESDAY 24/4/2013 2.30PM – 4.30 PM
INSTRUCTIONS:

Answer Question ONE and any other TWO Questions.

QUESTION ONE

(a) Discuss the legislative developments in motor insurance since 1930. [10 Marks]

(b) Outline the policy clauses that are pertinent to claims. [6 Marks]

(c) Enumerate and exhaustively explain the four principal documents used in motor insurance. [8 Marks]

(d) Explain the legal position and functions of IRA. [6 Marks]

QUESITON TWO

(a) Sasha is a graduate of Chuka University, majoring in horticulture, she has recently been appointed to marketing department of a flower farm in Naivasha. She requires motor insurance cover for her recently acquired matatu. Identify and explain to her the various types of cover available. [8 Marks]

(b) Discuss the contents of a motor insurance policy document. [6 Marks]

(c) Explain the non-standard risks. [6 Marks]

QUESTION THREE

With regard to rating of risks, discuss the main rating factors for private motors. [20 Marks]

QUESTION FOUR

Explain the following as used in motor insurance.

(a) Police involvement. [5 Marks]

(b) Knock for knock agreement [5 Marks]

(c) Protected no claim discount [5 Marks]

(d) Temporary Cover Note [5 Marks]

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Bcom 344: Automobile Insurance Question Paper

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