Ws 17

F–2413 Sub. Code

7BBAE2B

B.B.A. DEGREE EXAMINATION, NOVEMBER 2019

Fifth Semester

Business Administration

Elective: INSURANCE MANAGEMENT

(CBCS – 2017 onwards)

Time : 3 Hours Maximum : 75 Marks

Part A (10  2 = 20)

Answer all questions.

1. Define insurance.

2. State the meaning of subrogation.

3. Define a life insurance contract.

4. Give the meaning of surrender value.

5. Give the meaning for Jettison.

6. What is a ‘Named policy’ with respect to marine

insurance?

7. Define fire insurance.

8. What do you mean by ‘cover note’?

9. What is meant by rural sector?

10. What is burglary insurance?

 Ws 17
Part B (5  5 = 25)

Answer all questions, choosing either (a) or (b).

11. (a) Explain the importance of insurance management.

Or

(b) Explain the functions of insurance.

12. (a) Describe the organizational structure of LIC of

India.

Or

(b) Briefly explain the classification of LIC policies.

13. (a) Distinguish between Actual Total Loss and

Constructive Total Loss.

Or

(b) What are the various documents required for

making a claim for total loss?

14. (a) Describe the nature of fire insurance contract

Or

(b) What are the rights of insurer in case of fire

insurance?

15. (a) Explain the role of manager in personal accident

insurance.

Or

(b) Write short notes on Privatisation of Insurance

Industry.

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 Ws 17
Part C (3  10 = 30)

Answer any three questions.

16. Explain the principles of an insurance contract.

17. Explain the essential features of life insurance.

18. Explain the recent trends in marine insurance business.

19. Name and explain the major types of policies which are
generally issued by fire insurance companies.

20. What is auto insurance? Examine the coverage of such an

auto insurance policy.

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