Dibm 0216: Risk And Insurance Question Paper

Dibm 0216: Risk And Insurance

Course:Diploma In Business Management

Institution: Chuka University question papers

Exam Year:2013

CHUKA

UNIVERSITY

UNIVERSITY EXAMINATIONS
EXAMINATIONS FOR THE AWARD OF DIPLOMA IN BUSINESS MANAGEMENT
DIBM 0216: RISK AND INSURANCE
STREAMS: TIME: 2 HOURS
DAY/DATE: MONDAY 22/4/2013 8.30 AM – 10.30 AM
INSTRUCTIONS:

• This paper consists of Two Sections
• Section A is Compulsory
• Section B – Answer any Two Questions
• Do not write on the question paper
• Use relevant examples
• Use legible handwriting.

SECTION A – COMPULSORY

Question One (30 Marks)

(a) Discuss any two principles of insurance. [10 Marks]

(b) What are the benefits of insurance to society? [10 Marks]

(c) Discuss the various types of risks. [10 Marks]

SECTION B – ANSWER ANY TWO QUESTIONS

Question Two (20 Marks)

(a) Why would the Kenya Government find it necessary to control and regulate Insurance
industry. [10 Marks]

(b) Explain ways of dealing with risk. [10 Marks]

Question Three (20 Marks)

(a) What are the key features of life Insurance. [10 Marks]

(b) Discuss how Insurance companies are marketing their products in Kenya. [10 Marks]

Question Four (20 Marks]

(a) Explain the features of a valid Insurance contract. [10 Marks]

(b) Enumerate the Economic (cost) significance of Risk. [10 Marks]

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