Principles of Insurance (INSC2101)
Higher Institute of Commerce and Management (HICM)
Semester: First Semester
Level: 200
Year: 2018
Bambili- Bamenda
QUESTION :1 ( 20 marks)
a) Before pure risks are insured, what are the requirements to be considered for the risk to be
insured?
b) The major risk burden in our society falls in three main types. Discuss.
QUESTION: 2 ( 20 marks)
a) There are various-techniques or methods used to handle risks. Discuss them.
b) State die purposes of proposal form in insurance contract.
QUESTlON 3: ( 20 marks)
a) Discuss the essences of policy form, and state the various sections of a policy form
b) State the essentials of a valid insurance contract Mention at least four.
QUESTION 4: what do you understand by insurance market? State the participants in the insurance
market. (10 Marks)
.
QUESTION: 5 Discuss the differences between insurance contracts and gambling contracts.
(10 marks)
School/Faculty HICM Department: INSURANCE Lecturer(s): PRINCE UZOR E.E
Level:1 Semester: FIRST RESIT Academic
year: 2017/2018
Course code: INS 101 Course Title principle of insurance
Date: Hall: Time: 2 hours
Instructions: Answer 1,2,3 and one other question.
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