Bcom 344: Automobile Insurance Question Paper
Bcom 344: Automobile Insurance
Course:Bachelor Of Commerce
Institution: Chuka University question papers
Exam Year:2013
CHUKA
UNIVERSITY
UNIVERSITY EXAMINATIONS
THIRD YEAR EXAMINATION FOR THE AWARD OF
DEGREE OF BACHELOR OF COMMERCE
BCOM 344: AUTOMOBILE INSURANCE
STREAMS: BCOM Y3S2 TIME: 2 HOURS
DAY/DATE: WEDNESDAY 24/4/2013 2.30PM – 4.30 PM
INSTRUCTIONS:
Answer Question ONE and any other TWO Questions.
QUESTION ONE
(a) Discuss the legislative developments in motor insurance since 1930. [10 Marks]
(b) Outline the policy clauses that are pertinent to claims. [6 Marks]
(c) Enumerate and exhaustively explain the four principal documents used in motor insurance. [8 Marks]
(d) Explain the legal position and functions of IRA. [6 Marks]
QUESITON TWO
(a) Sasha is a graduate of Chuka University, majoring in horticulture, she has recently been appointed to marketing department of a flower farm in Naivasha. She requires motor insurance cover for her recently acquired matatu. Identify and explain to her the various types of cover available. [8 Marks]
(b) Discuss the contents of a motor insurance policy document. [6 Marks]
(c) Explain the non-standard risks. [6 Marks]
QUESTION THREE
With regard to rating of risks, discuss the main rating factors for private motors. [20 Marks]
QUESTION FOUR
Explain the following as used in motor insurance.
(a) Police involvement. [5 Marks]
(b) Knock for knock agreement [5 Marks]
(c) Protected no claim discount [5 Marks]
(d) Temporary Cover Note [5 Marks]
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