-value of property: when the value of property is great
- High risk of loss: when chances of loss through insured risks covered
- Number of risks covered: when insurance company has insured many
different risks.
- Spread of risk to share liability in the event of loss, safeguard the
financial position
- Government policy: government may require an insurance company to reinsure
- Create client confidence: client confidence: clients will have confidence as they are assured
of compensation hence attracts more customers
Githiari answered the question on September 20, 2017 at 09:51
- Explain five benefits that could be enjoyed by a person who decided to take out an endowment
policy.(Solved)
Explain five benefits that could be enjoyed by a person who decided to take out an endowment
policy.
Date posted: September 20, 2017. Answers (1)
- Discuss four circumstances under which an insurance contract may be terminated.(Solved)
Discuss four circumstances under which an insurance contract may be terminated.
Date posted: September 20, 2017. Answers (1)
- Explain the meaning of the following terms as used in insurance (i) Uberrimae fidei (ii) Indemnity (iii) Third party motor vehicle insurance (iv) Contribution (v) Subrogation(Solved)
Explain the meaning of the following terms as used in insurance
i) Uberrimae fidei
ii) Indemnity
iii) Third party motor vehicle insurance
iv) Contribution.
v) Subrogation
Date posted: September 20, 2017. Answers (1)
- Describe the procedures that should be followed when taking an insurance policy(Solved)
Describe the procedures that should be followed when taking an insurance policy
Date posted: September 20, 2017. Answers (1)
- Outline four factors that a trader would consider in locating a warehouse(Solved)
Outline four factors that a trader would consider in locating a warehouse
Date posted: September 20, 2017. Answers (1)
- State four benefits that a government gets from a bonded warehouse(Solved)
State four benefits that a government gets from a bonded warehouse
Date posted: September 20, 2017. Answers (1)
- State four problems that may interfere with the effectiveness of face to face
communication.(Solved)
State four problems that may interfere with the effectiveness of face to face
communication.
Date posted: September 20, 2017. Answers (1)
- Highlight four factors that may limit the use of telephone as a means of communication
in Kenya.(Solved)
Highlight four factors that may limit the use of telephone as a means of communication
in Kenya.
Date posted: September 20, 2017. Answers (1)
- Give four reasons why a person would send a message by mail rather than by telephone(Solved)
Give four reasons why a person would send a message by mail rather than by telephone
Date posted: September 20, 2017. Answers (1)
- State five services offered by the post office.(Solved)
State five services offered by the post office.
Date posted: September 20, 2017. Answers (1)
- Outline four reasons why a business person may prefer written communication to verbal
communication.(Solved)
Outline four reasons why a business person may prefer written communication to verbal
communication.
Date posted: September 20, 2017. Answers (1)
- Discuss six factors that may discourage the use of pipeline as a means of transporting petroleum
products in a country(Solved)
Discuss six factors that may discourage the use of pipeline as a means of transporting petroleum
products in a country
Date posted: September 20, 2017. Answers (1)
- Explain the advantages of pipeline as a mode of transporting oil products(Solved)
Explain the advantages of pipeline as a mode of transporting oil products
Date posted: September 20, 2017. Answers (1)
- Discuss five factors that have hindered the expansion of railway transport in Kenya.(Solved)
Discuss five factors that have hindered the expansion of railway transport in Kenya.
Date posted: September 20, 2017. Answers (1)
- The oil pipeline has recently been extended from Nairobi to western Kenya. Explain five
benefits that may be accounted to the country from the extension(Solved)
The oil pipeline has recently been extended from Nairobi to western Kenya. Explain five
benefits that may be accounted to the country from the extension
Date posted: September 20, 2017. Answers (1)
- List four ways in which transport promotes growth of trade.(Solved)
List four ways in which transport promotes growth of trade.
Date posted: September 20, 2017. Answers (1)
- Outline four limitations of containerization.(Solved)
Outline four limitations of containerization.
Date posted: September 20, 2017. Answers (1)
- Give five reasons why a manufacturing firm would be located in an area well served by good
road network.(Solved)
Give five reasons why a manufacturing firm would be located in an area well served by good
road network.
Date posted: September 20, 2017. Answers (1)
- Outline four reasons why a school in Kisumu may prefer to transport its sixty students to a
music festival in Nairobi by train rather than by...(Solved)
Outline four reasons why a school in Kisumu may prefer to transport its sixty students to a
music festival in Nairobi by train rather than by bus.
Date posted: September 20, 2017. Answers (1)
- State four circumstances under which a businessman would choose to transport goods by air(Solved)
State four circumstances under which a businessman would choose to transport goods by air
Date posted: September 20, 2017. Answers (1)