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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:2012



QUESTIONONE (30 MARKS)
a. Explain clearly the concept of risk (7 Marks) b. Distinguish between pure and speculative risk pointing out the need for that classification. (7 Marks) c. Explain the principal methods of handling risk in a modern organization. (10 Marks) d. Explain how the law of large number supports the operation of insurance mechanism. (6 Marks)
QUESTION TWO (20 MARKS)
a. Explain the relevant benefit of insurance to the vision 2030. (10 Marks) b. Outline the significance of insurance from individual point of view. (10 Marks)
QUESTION THREE (20 MARKS)
a. Discuss the principle of subrogation as used in the insurance. (10 Marks) b. Explain clearly coverage of money insurance and all the exclusions. (10 Marks)
QUESTION FOUR (20 MARKS)
2
a. Outline the functions of a proposal form. (5 Marks) b. Explain the pre-requisites to a chain. (7 Marks) c. What are the functions of a insurance agent? (8 Marks)




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