image

Solution of Assignment Synopsis & Project Dissertation Report


Note: ⇩    Fill the Name, Email and Mobile to get unlock the priclist...!!!!

PRODUCT DETAILS

Online-Typing-and-Filling

Title Name Amity Solved Assignment MBA for Application of General Insurance
University AMITY
Service Type Assignment
Course MBA
Semester Semester-III-Insurence Course: MBA
Short Name or Subject Code Application of General Insurance
Commerce line item Type Semester-III-Insurence Course: MBA
Product Assignment of MBA Semester-III-Insurence (AMITY)
Price

PRICE INR

Click to View Price

Solved Assignment


  Questions :-

                                                                                    Application of General Insurance

Assignment A

1 . Discuss Principle of Insurable Interest.

 2 . Definition of Accident.

3 . What is Material Fact?

4 . What is Pure Risk?

5 . What is the significance of deducting salvage?

6 . Distinguish between Peril and Hazard.

7 . Describe the functions of IRDAI.

8 . Enumerate the advantages of insurance as a tool of risk control.

 

 

Assignment B

Case Detail:
Radhey Shyam insured his car for IDV of Rs. 4 Lac under Motor Package Policy. His car got damaged in an accident.  Surveyor assessed following expenses in getting his car repaired before depreciation:
1. Tyre Replacement - Rs.2000/-2. Door Replacement - Rs.6000/-3. Wind Screen Glass - Rs.1500/-4. Head Lights ( Both) Plastic Made) - Rs.2000/-5. Bumper Replacement ( Fibre Make) - Rs.2200/-6. Painting Charges - Rs.1200/-7. Bonnet Replacement - Rs.4500/-8. Towing Charges - Rs.500/-9. Labour Charges Rs. 3000/-
Depreciation Rate on Metal Parts    - 15%Excess Clause       - Rs. 500
You are required to specify the amount admissible after depreciation in respect of following items:

Question No. 
1. For Tyre replacement    :          Rs.................. 
2. For Bonnet Replacement    :          Rs.................. 
3. For replacement of Windscreen Glass    :          Rs..................

 

 

Assignment C
Question No.  1 Marks - 10‘

Moral Hazard’ refers to  

Options

  1.  Conduct of the surveyor  
  2. Physical features of the property
  3.  Conduct of the insurer
  4.  Conduct of the insured

 

Question No.  2 Marks - 10

Subject matter of Insurance is

 Options  

  1. Property which may suffer damage
  2.  Consequences of occurrence of an event  
  3. An event which may cause damage to property
  4.  Circumstances which aggravate the event

 

Question No.  3 Marks - 10

Presently In India, Non-Life Insurance Premium is substantially

 Options  

  1. Non-tariff  
  2. Regulated by GIC
  3. Under market agreement
  4.  Tariff

 

Question No.  4 Marks - 10

Insurance Underwriter is a person who

 Options  

  1. Purchases insurance products
  2.  Sells the insurance products  
  3. Decides whether to accept the insurance proposal or not  
  4. Inspects the risks before acceptance of proposal

 

Question No.  5 Marks - 10

Insurable interest may exist in Fire Policy  

Options  

  1. Throughout currency of the policy  
  2. Only at the beginning  
  3. Both at the beginning and at the time of loss  
  4. Only at the time of loss

 

Question No.  6 Marks - 10

Insurance Agent’ represents  

Options

  1.  GIC  
  2. Insured’s
  3.  Insurers
  4. Insurance broker

 

 

Question No.  7 Marks - 10

Disadvantage of Self Insurance Is  

Options  

  1. Capital is held up  
  2. The basic insurance law of large number if not adopted  
  3. In catastrophic events financial condition of insured will be jeopardized  
  4. All of above

 

Question No.  8 Marks - 10

Insurance Covers

 Options  

  1. Business risks  
  2. Pure risks
  3. Gambling risks  
  4. Speculative risks

 

Question No.  9 Marks - 10

Risk from Insurer’s point of view is  

Options  

  1. Circumstances which aggravate the event  
  2. Consequences of occurrence of an event  
  3. An event which may cause damage to property  
  4. Property which may suffer damage

 

Question No.  10 Marks - 10

Principle of utmost good faith means  

Options  

  1. Buyer should be careful  
  2. Proposer cannot mislead the insurer  
  3. Both proposer and insurer must disclose the material facts  
  4. Seller cannot mislead the buyer

 

Question No.  11 Marks - 10

Self Insurance is advantageous because  

Options

  1.  Interest on the investment of funds belongs to the insured  
  2. No disputes will arise with insurers over claims  
  3. There is a direct incentive to control and minimise the risk  
  4. All of the above

 

Question No.  12 Marks - 10

Risk Manager is a person who  

Options  

  1. Inspects risks proposed for insurance
  2. Looks after insurers underwriting department  
  3. Looks after the risk profile of an entrepreneur
  4.  Takes risks in business

 

Question No.  13 Marks - 10

Bancassurance Means

 Options  

  1. Bank account opened by an insurance company  
  2. Banks selling insurance on behalf of their clients
  3.  Banks purchasing insurance cover for their property  
  4. Banks selling insurance products on behalf of insurers

 

Question No.  14 Marks - 10‘

Re-Insurance’ means

 Options  

  1. Taking two insurance policies on one’s life  
  2. Taking two insurance policies on one  property  
  3. Insurance of insured business  
  4. Taking more than one insurance policy on two or more properties

 

Question No.  15 Marks - 10

Insurable Interest must exist in Marine insurance policy  

Options

  1.  Not necessary to exist at any time  
  2. At the time of the loss  
  3. At the inception of the policy.  
  4. Both at the time of inception of the policy and at the time of loss

 

Question No.  16 Marks - 10

‘Risk Transfer’ means  

Options  

  1. Transfer of insurance policy from original insured to new insured  
  2. Purchasing insurance cover for premises  
  3. Shifting of location of premises
  4.  Transfer of ownership of premises

 

Question No.  17 Marks - 10

Non-Disclosure of material facts by the insured may render the insurance contract  

Options

  1.  Void
  2.  Voidable  
  3. Void-Ab-Initio  
  4. Valid

 

 

Question No.  18 Marks - 10

Principle of Indemnity is strictly applicable in  

Options  

  1. Fire insurance
  2.  Personal accident insurance  
  3. Valued policy  
  4. Life insurance

 

Question No.  19 Marks - 10

Insurable interest may arise in the property when a person  

Options  

  1. Finances the property  
  2. Becomes owner of the property  
  3. Becomes lessee of the property  
  4. All of the above

 

Question No.  20 Marks - 10

‘Insurance Broker’ represents  

Options  

  1. LIC
  2.  Insured’s  
  3. Insurers  
  4. IRDA

 

Question No.  21 Marks - 10

Insurance

 Options  

  1. Protects the assets  
  2. Reduces possibilities of loss  
  3. Prevents the loss  
  4. Pays when there is loss of assets

 

Question No.  22 Marks - 10

Principle of subrogation means  

Options

  1.  Transfer of insured’s rights to insurer
  2.  Transfer of insurer’s rights to insured  
  3. Transfer of one insurer’s rights to another insurer
  4.  Transfer of one insured’s rights to another insured

 

Question No.  23 Marks - 10

Principle of contribution is applicable where there

 Options  

  1. Exists one insurance policy on one subject matter  
  2. Exist two or more policies on one subject matter  
  3. Exists one insurance policy on more than one subject matter  
  4. Exist two or more insurance policies on more than one subject matter

 

Question No.  24 Marks - 10

Proposal Form Is filled and signed by

 Options

  1.  Insurer
  2.  Insurance Agent  
  3. Insured  
  4. Insurance Surveyor

 

Question No.  25 Marks - 10

Insurers may assume risks

 Options  

  1. Only on receipt of premium in advance  
  2. By providing credit facility  
  3. Without receipt of premium  
  4. On personal surety

 

Question No.  26 Marks - 10

Insurance Survey Report findings are taken as  

Options

  1.  Mandatory  
  2. Indicative  
  3. Recommendatory  
  4. Of No Importance

 

Question No.  27 Marks - 10

Co-Insurance means  

Options  

  1. Husband and wife life cover jointly
  2.  Insurance of one property by two or more insurers under one policy  
  3. Insurance of more than one property under two policies  
  4. Insurance of more than one property under one policy

 

Question No.  28 Marks - 10

Insurance contracts are subject to the principle of

 Options

  1. Utmost good faith  
  2. Insurable interest
  3.  Indemnity  
  4. All of the above

 

Question No.  29 Marks - 10‘

Bad Risk’ from Insurer’s point of view is  

Options  

  1. Less hazardous  
  2. Moderately hazardous
  3.  Highly hazardous
  4.  None of the above

 

Question No.  30 Marks - 10

‘Franchise’ Clause Refers that  

Options  

  1. Full amount of assessed loss will be borne by the insurer
  2.  Full amount of assessed loss will be borne by the insurer if it exceeds a specified amount
  3.  Specified amount of the loss shall be borne by the insured  
  4. No amount of loss shall be borne by the insured

 

Question No.  31 Marks - 10 

Personal Accident Insurance falls under  

Options  

  1. Life insurance  
  2. Self insurance  
  3. Mediclaim insurance  
  4. Misc insurance

 

Question No.  32 Marks - 10 

In Motor Own Damage Accident Claim on metal  parts, the depreciation is deducted @  

Options

  1.  As per the age of the vehicle  
  2. 0.5  
  3. 0.25
  4.  0.3

 

Question No.  33 Marks - 10

 The subject matter of ‘Standard Fire And Special Perils Policy Is  

Options  

  1. Human beings  
  2. Cattles  
  3. Liability  
  4. Property

 

Question No.  34 Marks - 10

 In India, Insurance business is conducted by

Options

  1.  Private sector units only  
  2. Both public and private sector units
  3.  IRDA
  4.  Public sector units only

 

Question No.  35 Marks - 10“

Excess” Clause is inserted in insurance contract to avoid  

Options  

  1. High value claims  
  2. Trivial claims  
  3. Fraud claims  
  4. Frequent claims

 

Question No.  36 Marks - 10

Motor Insurance claims are paid  

Options  

  1. Before loss is  occurred  
  2. After surveying the loss  
  3. Without surveying the loss  
  4. None of the above

 

Question No.  37 Marks - 10

‘Householders Insurance Policy falls under  

Options  

  1. Commercial insurance category  
  2. Personal insurance category  
  3. Life insurance  
  4. Self insurance

 

Question No.  38 Marks - 10

In Motor Insurance, in the event of total loss policy

 Options

  1.  Is cancelled
  2.  Premium is loaded  
  3. Continues
  4. Is re-instated by charging prorate premium

 

Question No.  39 Marks - 10‘

Salvage’ In Fire Claim is deducted because of application of principle of  

Options  

  1. Close proximity
  2.  Utmost good faith  
  3. Indemnity  
  4. Insurable interest

 

Question No.  40 Marks - 10

Which of the following is not an implied condition under insurance contracts

 Options  

  1. Pro-rata average  
  2. Utmost good faith  
  3. Existence of subject matter
  4. Insurable interest

  Answers :-

Only after macking the payment you would be able to see the answer...!!!

Review

Average user rating

4.8 / 5

Rating breakdown

5
80% Complete (danger)
1
4
80% Complete (danger)
1
3
80% Complete (danger)
0
2
80% Complete (danger)
0
1
80% Complete (danger)
0

January 29, 2015
This was nice in buy
Assignment from solve zone is probably one of the first preference of students.

October 09, 2016
This was nice in buy
I recommend a website that was really helpful throughout your session.

March 19, 2017
Some day ago
This was nice in buy
This was good in buy . I found all the answer correct and meaningful and had scored good marks
Back to top