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Hbc2109:Insurance And Risk Management Question Paper

Hbc2109:Insurance And Risk Management

Course:Bachelor Of Commerce

Institution: Meru University Of Science And Technology question papers

Exam Year:2014

QUESTION ONE – (30 MARKS)
(a) Discuss the burden of risk in all its manifestations. (6 marks)
(b) Discuss the functions of risk manager. (14 marks)
(c) Explain the principle methods of handling risk giving examples of each. (10 marks)
QUESTION TWO – (20 MARKS)
(a) Differentiate between fundamental and particular risk. (4 marks)
(b) Explain the methods of indemnity. (4 marks)
(c) moshs car as inoled in a road accident ith that of tella moshs car was extensiely damaged and the police astract lamed tella for the accident moshs Insurer settled the claim to him at Ksh.600,000.00. Outline the steps Omosh followed before he was compensated. (12 marks)
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QUESTION THREE – (20 MARKS)
(a) Discuss the circumstances under which the principle of uberrimae Fedei does not apply in insurance contract. (8 marks)
(b) Identify and discuss the costs of risk (12 marks)
QUESTION FOUR – (20 MARKS)
(a) “lthough no risk completely meets all ideal requirements of insurable risk, some come closer to meeting them than other” Explain the ideal reuirements of an insurale risk (10 marks) (b) What is the role of underwriting process? (5 marks)
(c) Explain the functions of the insurance regulatory authority. (5 marks)
QUESTION FIVE – (20 MARKS)
(a) Explain the functions of an insurance agent. (5 marks)
(b) Describe the purpose of a proposal form in insurance contract. (5 marks)
(c) Explain why the Media and the labour unions may be interested in how an organization is managing its risks. (10 marks)

Hbc2109:Insurance And Risk Management Question Paper

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