Get premium membership and access revision papers, questions with answers as well as video lessons.

Bmgt 211:Introduction To Risk And Insurance April 2010 Question Paper

Bmgt 211:Introduction To Risk And Insurance April 2010 

Course:Bachelor Of Business Management And Information Technology

Institution: Kabarak University question papers

Exam Year:2010



KABARAK UNIVERSITY
UNIVERSITY EXAMINATIONS
2009/2010 ACADEMIC YEAR
FOR THE DEGREE OF BACHELOR OF BUSINESS
MANAGEMENT AND INFORMATION
TECHNOLOGY
COURSE CODE: BMGT 211

INSTRUCTIONS:
1. Answer question ONE and ANY OTHER TWO questions.

QUESTION 1
a) Giving appropriate examples. Explain the following principles of insurance.
(i) Principles of Indemnity. (5 marks)
(ii) Principles of Subrogation. (5 marks)
(iii) Principles of utmost good faith. (5 marks)
(iv) Principles of Proximate cause. (2 marks)
b) The use of Insurance has been hailed as the most effective risk management. Discuss why
this statements true or false. (10 marks)

QUESTION 2
a) Identify the basic types of liability exposure and give an explanation of each. (10 marks)
b) What is a theft Insurance policy? (10 marks)

QUESTION 3
Ochieng and Wangui recently married in Mombasa and their employer has asked them to
identify their insurance needs. Unfortunately, they are not conversant with insurance matters and
have approached you for professional advice.
(a) Explain how they can effectively use jointly life policies. (5 marks)
(b) Differentiate for the couple life assurance contracts from other insurance contracts.
(5 marks)
(c) Explain to the couple the role of various types of term life policies. (10 marks)

QUESTION 4
a) Explain the meaning of the following terms as used in insurance.
(i) Surplus treaty. (5 marks)
(ii) Objective risk. (5 marks)
(iii) Subjective Risk. (5 marks)
(iv) Disability Income Insurance. (5 marks)


QUESTION 5
a) State and explain all basic parts of an Insurance contract. (20 marks)




More Question Papers

Enhance your teaching with our comprehensive Schemes of Work and Notes!

Popular Exams

Return to Question Papers    

© 2008-2024 by KenyaPlex.com. All Rights Reserved | Home | About Us | Contact Us | Copyright | Terms Of Use | Privacy Policy | Advertise