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Introduction To Insurance Question Paper

Introduction To Insurance

Course:Bachelor Of Commerce

Institution: Kenyatta University question papers

Exam Year:2008

KENYATTA UNIVERSITY
INSTITUTE OF OPEN LEARNING (IOL)
UNIVERSITY EXAMINATIONS 2007/2008
EXAMINATION FOR THE DEGREE OF BACHELOR OF COMMERCE
BMS 101:
INTRODUCTION TO INSURANCE
DATE: THURSDAY, 10TH JANUARY 2008
TIME: 1.00 P.M. – 3.00 P.M.
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INSTRUCTIONS:
? Answer ALL questions.
? Clearly explain your answers.

Q.1
The Kenyan Government has been carrying out reforms which is in line with its economic recovery strategy. Insecurity has stood out as one of the main challenges especially in the savings and investment areas. In your opinion as a risk manager, write a paper on what should be done to help facilitate the realization of its objectives without hindering the volume of funds for investment. (20 marks)

Q.2
Discuss the functions of insurance on the following lines:-
i)
To the individual (8 marks)
ii)
To the business community (6 marks)
iii)
To the society (6 marks)

Q.3
Discuss the special features of a valid insurance contract, giving examples where appropriate. (10 marks)

Q.4
The doctrine of insurable interest is very important in any insurance arrangement. What are the main issues does this doctrine address? (10 marks)

Q.5
Marine insurance differs significantly with other products of insurance in many ways. Discuss the special characteristics of marine insurance showing why they are unique to marine insurance. (10 marks)

Introduction To Insurance Question Paper

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