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Bms 413: Motor Insurance Question Paper

Bms 413: Motor Insurance

Course:Bachelor Of Education

Institution: Kenyatta University question papers

Exam Year:2012

DATE: Thursday 29th March, 2012
TIME: 11a.m.-1.00 p.m.

INSTRUCTIONS
? Attempt Question ONE (COMPULSORY) and any other TWO.
? Start each Question on a new page
? Marks are awarded for proper explanation and use of appropriate examples

Q.1) (a)
Motor insurance business in Kenya has suffered a lot of losses in the last financial
year. Players in the industry have attributed it to lack of integrated motor
insurance data system among other factors. The motor
Required:
Discuss how benefits deliverable by the system will be achieved under the
following-
(i)
Improved industry underwriting process

(8 marks)
(ii)
The provision of motor industry statistics

(7 marks)

(b)
The principles of motor underwriting do not set specific standard for others to

measure individual performance but for self-guidance.

Required:

In line with the above statement, discuss the responsibility of each
underwriter.

(10 marks)
Page 1 of 2

(c)
State the role of motor insurance cover note in the insurance practice. (5 marks)

(Total 30 marks)

Q.2) (a)
Claims management success depends to a greater extent the quality and quantity

of input from management agent. Discuss the minimum standard managing

agents should practice.

(10 marks)

(b)
Briefly but clearly explain the relevant areas of a motor proposal
form.

(10 marks)

(Total 20 marks)

Q.3) (a)
Discuss the extension of comprehensive insurance cover
available.

(10 marks)

(b)
Rating and underwriting are inseparable if the business is to

succeed. Discuss.

(10 marks)

Q.4) (a)
Explain the role of the road transport department.

(5 marks)

(b)
Discuss the policy conditions under motor insurance.

(15 marks)

(Total 20 marks)

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Bms 413: Motor Insurance Question Paper

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