LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
B.Com. DEGREE EXAMINATION – COMMERCE
FIFTH SEMESTER – APRIL 2008
CO 5400 - INSURANCE
Date : 05/05/2008
Time : 9:00 - 12:00
Dept. No.
RO 19
Max. : 100 Marks
PART-A
Answer all the questions
(10 X 2 = 20)
1. What do you mean by insurable interest?
2. Define insurance.
3. State any four differences between fire and marine insurance policies.
4. What do you mean by proximate clause?
5. What is jettison?
6. What is average clause?
7. What is the difference between valued policy and valuable policy?
8. What is reinstatement clause under fire insurance?
9. What is surrender value?
10. What is Hull insurance?
PART-B
Answer any Five questions
(5 X 8 = 40)
11. Briefly explain the different characteristics of insurance in brief.
12. What are the different kinds of marine insurance policy?
13. Explain the different functions of insurance.
14. Briefly explain about Motor Insurance policy.
15. What are the uses of Fire Insurance?
16. Briefly explain about Burglary insurance policy.
17. Explain in detail about any Five Life insurance policies.
18. Explain the uses of Insurance to business
PART-C
Answer any Two questions
(2 x 20 = 40)
19. What do you mean by Annuity? How is it different from insurance?
Explain the different types of annuity in detail
20. Explain the various clauses of Fire Insurance policy.
21. Explain the essential features of Insurance contract.
********
1