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B.Com. DEGREE EXAMINATION, 2011
( FIRST YEAR )
( PART - I )
( PAPER - I )

111 / 511 / 112. ELEMENTS OF


INSURANCE
( Common with B.B.A., B.M.M., B.B.S.
B.Com. [ Accounting & Finance ] )
May ]

[ Time : 3 Hours
Maximum : 100 Marks
Answer any FIVE questions.
All questions carry equal marks.
(5 20 = 100)

1. Explain the essential elements of contract of


insurance.
2. Enumerate the uses of Insurance.
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4. Discuss the different types of policies issued by


Life Insurance Corporation of India?

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3. What is nomination? How does it differ from


assignment?

1.

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6. Narrate the important conditions of fire


insurance policies.

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5. Explain the procedures to be followed for


settlement of claims in life insurance.

7. What are the fundamental principles of fire


insurance?
8. What do you mean by warranties? What are the
important warranties in Marine insurance?
9. Discuss the different types of marine insurance
policies available in India.
10. Write short notes on :
(i) ReInsurance and Double insurance.
(ii) Marine perils.

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(iii) Physical hazards.


(iv) Lapsed Life Insurance Policy.
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