Principles of Insurance (FINA2101)
Faculty of Economics and Management Science (FEMS)
Semester: First Semester
Level: 200
Year: 2015
Question one (4*5=20marks)
Write short notes on the following basic principles as used in insurance
. a)
Principle of Utmost good faith.
b)
Principle of indemnity
c)
Principle of subrogation
d)
Principle of contribution.
e)
Insurable interest
THE UNIVERSITY OF BAMENDA
FACULTY OF ECONOMICS AND MANAGEMENT SCIENCES
1st Semester Exam
Course Tit l e: Principles of Insurance
Credit Value:
Course Lecturers:
Time:
Course
Code: FINA201
Venue:
Question two (15 marks)
The doctrine of proximate cause id based on the principle of cause and effect. Discuss
. Question three (20 marks)
Identify and discuss briefly what should be done to improve the negative perception of
the insurance sector on Cameroon.
Question four (15 marks)
What are the valid elements of an insurance contract?
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