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Bcom 445: Social Insurance Question Paper

Bcom 445: Social Insurance

Course:Bachelor Of Commerce

Institution: Chuka University question papers

Exam Year:2013

CHUKA

UNIVERSITY

UNIVERSITY EXAMINATIONS

FOURTH YEAR EXAMINATION FOR THE AWARD OF DEGREE OF
BACHELOR OF COMMERCE

BCOM 445: SOCIAL INSURANCE

STREAMS: BCOM Y4S1 TIME: 2 HOURS

DAY/DATE: TUESDAY 13/8/2013 2.30 P.M. – 4.30 P.M.
INSTRUCTIONS:

Answer Question 1 and any other TWO Questions.
Do not write on the question paper.

QUESTION 1

(a) The government’s role in social and economic security occurred as a result of several changes in the social, economic, educational and political spheres. Discuss.
[10 marks]

(b) Naluchira is a new locally incorporated insurance company venturing into medical insurance. The management has retained you as a consultant to advise them on the
various underwriting approaches they can use in this area of business. [10 marks]

(c) Explain unemployment insurance and its basic objectives. [5 marks]

(d) Explain how the benefits can be lost under OASDHI program. [5 marks]

QUESTION 2

Social insurance provides protection against financial loss to dependants resulting from premature death of the wage earner also provides wage earners with retirement benefits. Discuss the benefits available to those covered under Old-Age, Survivors, Disability and health insurance. [20 marks]

QUESTION 3

(a) Explain the general principles upon which worker compensation laws are based.
[10 marks]

(b) Explain the nature of common law obligations and the law defenses of employers’ liability. Are these obligations and defenses ever used today? [10 marks]

QUESTION 4

(a) Many observers have voiced concern about the soundness of the N.H.I.F system, pointing to the growing number of recipients and the increasing benefits. To what extent do you belief that the N.H.I.F system is still in trouble? What would you recommend in the way of corrective action? [8 marks]

(b) Unemployment comes in many forms and is caused by many factors. What particular forms of unemployment do the unemployment compensation programs deal with?
[6 marks]

(c) Mr. Soita and his family of five require medical insurance, as his insurance adviser outline and explain to him the various policy types available to him and his family.
[6 marks]

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Bcom 445: Social Insurance Question Paper

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