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Introduction To Insurance Question Paper

Introduction To Insurance

Course:Bachelor Of Commerce

Institution: Kenyatta University question papers

Exam Year:2009

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2008/2009
BMS101: INTRODUCTION TO INSURANCE
SIT IN CAT
DATE FEBRUARY 2009
INSTRUCTIONS:
ATTEMPT ALL QUESTIONS.
Q1."Business is a form of risk" basing on this argument discuss the effects of pure risks in the society ((8mks)

Q2.Articulate the benefits of risks management policy.(15mks)

Q3."Businesses may be reluctant to engage in projects that are otherwise strategically attractive if the potential of losses appear to be unmanageable."In the light of the above statement discuss the cost and burden of risk in the society*(15mks)

Q4.Explain the benefits of reinsurance companies in Kenya(10mks)

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