PRINCIPLES OF INSURANCE 2008 (REGULAR)
Time : 3 Hours Max. Marks:100
Instruction: Attempt any FIVE questions.
1. Describe the differences between:
(i) Fundamental risk and particular risk
(ii) Pure risk and speculative risk
2. Describe in your own words what you consider to be the difference between insurance and a wager or bet.
3. Write detail notes on any TWO of the following:
(o) Insurance in transit
(ii) Life Assurance
(iii) Personal Insurances
(iv) Mixed, Combined and Packaged Coverage
4. Outline the cover, terms and main exclusions / exceptions of the following classes of insurance.
(i) Miscellaneous accident insurance
(ii) Liability Insurance (Personal, Public, Employers, Professional, Directors and Officers and specialist classes)
5.(a) Outline the various insurance products under various classes of insurance.
(b) Distinguish between short, annual renewable and long term contract of insurance and their implications on the principles of insurance.
6.(a) Explain the nature or regulation and supervision in Insurance inPakistan.
(b) Outline the constituents of an insurance premium.
7.(a) Explain the relationship of risk and insurance.
(b) Define risk management and outline the main constituents of a risk management program. https://pro-essay-writer.com/