B.Com I Principles of Insurance 2010

Q.1. (a) Describe the difference between

i. Double Insurance and Reinsurance.
ii. Hedge motives of insurance and speculative motives of insurance.

Q.2. Write detail notes on any TWO of the following

i. Liability Insurance
ii. Engineering Insurance
iii. Agricultural Insurance
iv. Mixed Combined and Packaged Coverage.

Q.3. Outline the Cover terms and main exclusion / exceptions of the following classes of insurance.

i. Property insurance (Reference to Pakistan and (SECP) market Practice.
ii. Business interruption and pecuniary insurance.

Q.4. (a) Discuss the under writing process from proposal to securing of cover.
Q.4. (b) Discuss the claims process from intimation to settlement and Recovery.

Q.5. Describe basic principles of Insurance.

Q.6. (a) Distinguish between condition and warranties.
Q.6. (b) Explain in detail implied warranties of insurance contact.

Q.7. Write notes on any THREE of the following

i. Bloyds
ii. Causes Proxima
iii. Contribution

Q.8. Briefly define following insurance Authorities or Institutions.

i. IAC
ii. IBAC
iii. ICP
iv. FUS
v. CSIO

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