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Dplm 0216: Risk And Insurance Question Paper

Dplm 0216: Risk And Insurance

Course:Diploma In Procurement And Logistics

Institution: Chuka University question papers

Exam Year:2013

CHUKA

UNIVERSITY

UNIVERSITY EXAMINATIONS
SECOND YEAR EXAMINATION FOR THE AWARD OF
DIPLOMA IN PROCUREMENT AND LOGISTICS MANAGEMENT

DPLM 0216: RISK AND INSURANCE

STREAMS: DPLM Y2S1 TIME: 2 HOURS

DAY/DATE: FRIDAY 9/8/2013 8.30 AM- 10.30 AM

INSTRUCTIONS:

• Answer Question ONE and any other TWO Questions
• Do not write on the question paper

1. (a) Explain the following terms:

(i) Risk [2 Marks]

(ii) Uncertainty [2 Marks]

(iii) Peril [2 Marks]

(iv) Hazard [2 Marks]

(v) Consideration [2 Marks]

(b) Explain what is meant by the term material fact. [10 Marks]

(c) Discuss under what circumstances cover is suspended in motor insurance.
[4 Marks]

(d) Differentiate fundamental risks from particular risks. [6 Marks]

2. (a) Discuss in detail the process of handling claims adopted by insurance companies in Kenya. [14 Marks]

(b) Clearly explain the principle of contribution and its application in life and property insurance. [6 Marks]

3. (a) Explain the principle methods of handling risks. [10 Marks]

(b) Discuss the relevant benefits of insurance in the development of commerce and industry in Kenya. [10 Marks]

4. (a) Compare an Insurance Brokers with an Insurance Agent. [8 Marks]

(b) Discuss the role of the association of Kenya insurers in promoting insurance practice in Kenya. [6 Marks]

(c) Explain the following terms as used in Reinsurance.

(i) Cession [2 Marks]

(ii) Retention [2 Marks]

(iii) Cedant [2 Marks]
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Dplm 0216: Risk And Insurance Question Paper

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