A Nov 09

2.
Distinguish between: -

a) Dataandinfonnation

b) Application software and system software.

c) Program and a Flow chart.

4 each

~,2009 NOVEMBER, 2009

t(W~It(G~lq Wa:rr «T.4~1 oCh4lCh

ASSOCIATESHIP- EXAMINATION INFORMATION TECHNOLOGY

~:3~] [~atcfi:100

Time: 3 Hours] [Total Marks: 100

fcn;:tf 3lTO ~ ~.~ ~ I lJ2ltr m ~ 16 atcn ~ ~ 'tfij .. 3#rew.f ~ t- I ~ri~1lv-112 atcfi~~ I

Answer EI GHT questions only. Question ONE carries 16 marks but this is not compulsory. All other questions carry 12 marks each.

AC-21

Marks

1. "Q.<ifiOO~~itClldICl{OI11, Rcl~HflOO~~a:p:r~~ 16

~~~~~~.~~, ~.~<fiT.~~~

~ "ffi:q;rr q:;f ~ ~ I

1. In the DBMS environment, theRelational Model is different and more popular 16

than the other Models. Explain this Model with the help of an illustration.

2. f.fkf -ij av~fn:q~ ~ :Cfi) ~afu~

'&) l{cctl<t~H ~Iqc~lf{ affi ~ mtR W:R I

1f) ~afumli

3. Cfi) ~ awRftrr ~ it ~ "fIN cp:rr ~ ? (m~ 6 atcn)

'&) ~ ~ it ~ 11 ~ "Cft ~ <fiT Cfi1"4 ~ 4t1(€1'iuf ~ I

Cfi?f.1 <fiT 31'Wl ~. ~ I

27

2

AC-21

3. a) What are the advantages of windows operating system? 6 each

b) A network administrator's role has gained importance in an insurance organisation. Discuss.

4. ~ RLqfUl~i ~ :_

i) ~.~.m.~.~.~

ii) BI'+2~~{ ~ ~ ~ ~

4. Write Short notes on

i) ASCII code

ii) Different strategies for Testing the Software

6 each

5. i) f.:rq q;) qQi!If.:l~ :- (m~ 1 alq)

en) ~ if ~ ~ ~ COT ~ ~ ~ ~ ~ q;) "fCffl": ~Cfi«IT ~ I

~) ~~cfit~~~~tR_tR~if~ ~ ~ ~ - IDU ~ 1hmt cfit ~'IT1j@ 1hmt QTIfi ~ I "If) ~ ~ if ~ mfcf;cn ~ if "if"{T1T ~ "if"{T1T R!~Cf)IRCf) ~ if~.1

-er) ~-~~~if<rr~lJlq~O'$l'~~~ amw: tR ~ q;) ~ Cfi\~. ~ tR ~ q;) ~ ~ ~ BCflill~~~~~~~~ I

i!") ~ ~ ftnri cnB COT ~ ~ : ~ 31TCfiR if "QJl1fi ~ ~ WlR QTIfi ~ a:fh: M ~ (Rq) ~ ~ cfit q;)QTr·wft ~ ~, ~ ~ tR <hl"·~·H~Cf) ~ mit ~ ~ tR ~ f{q;Ji ~ ~ ~ I ~) .qf.R1:mtR~~~~$~COT~~ ~I

ii) ~~~:- 3

ULSI, MICR, DTP, DFD, SQL, COBOL

iii) friyfeftll'1 CfillTU9 cp.rr cmfff ~?

Cfl) In UNIX nndir: Ip: mount

<9) In bos move: deltree: ren

3

28

3

5. i) Identifythefollowing:-

AC -21 1 each

a) A sequence of detailed instructions stored in a computer which

automatically controls the action of the hardware '"

b) An operating system capability which enables a program to run on a system which has insufficient main memory available to it than the program needs to use.

c) Step by step diagrammatic representation of the logic paths contained within a computer program.

d) It is a program which enables to store large volumes of data and derive meaningful information from it, by extracting data in different formats or based on different criterian or parameters.

e) A medium used for recording data. They resemble LP record and are coated on both sides with metallic oxide. On the number of concentric circles (called tracks) on their surface data is recorded.

t) These printers use laser beam to print the output on the paper by buming dots on the paper,

il) Expand the following:- 3

ULSI, MICR, DTP, DFD, SQL, COBOL

fu) What these commands stand for?

a) In UNIX rmdir:

b) In DOS move:

Ip: deltree:

mount ren

6. ~ -q-fta;rr -q ~ ~ 7JfUm ~ ~ ~ ~ am Tffilm -q ~ atq; 12

50% ~ 31R 'q<R ~ ~ <liT mrr ~ 200 -q ~ 120 atq; ~ I ~ ere-

~ ~ ~ <liT ~ ~ ~ ~ 1lft~ .: Cfif ~ ~ _ ~

~ ~ {f2lT Tffilm ~ -q ~ 50% atq; JITl{f ~ "tR ¥1 ~ ~

~ 120;@~ I

~ ~ ~ ~ ~ ~ ~.~ <liT;rrq, ~1~tjiEfi"if21T ~. w@rBm I

6. Tests are conducted in English and Mathematics. Minimum to be scored in English is 50% and Mathematics is 50%; and further the Aggregate marks should be 120 out of 200 to get selected. However the Institution which conducted the tests wanted to prepare a list of candidates who have scored atleast 50% in both the subjects but failed to score 120 in the aggregate.

Prepare a Program flow chart for getting the I ist of such candidates with Names,

29-

3

12

4

AC -21 (m~4atc!;)

Roll number and marks scored.

7. a:WkICf ~ 2009 ~ 1009 cor

i) ~~

ii) ~ a:~I~C'1Cf ~

iii) ~~W1~? 4 each

7. In respect of the Decimal Numbers, 2009 and 1009, Find: i) the Binary equivalent

ii) the Hexa Decimal equivalent and

iii) the Octal equivalent 12

8. ~ ~ ~ ~ ctt ¥AT if ~ tUW ~ ~ 31tH ("IN ~

~~~-fcWRr~ I 12

8. Compared to the conventional systems, Local Area Networks have certain .

advantages and also some drawbacks. Discuss about them. (m ~ 6 atc!;)

9. ~if~:- . en) ilffi \If (C'1 >fhnfi'M

~) ~ ~ >fhnfi'M I

6 each

9. Write briefly about:

a) procedural programming

b) object oriented programming

10. en) ~,~ ~ ~ ~ ~ _ cp:rr 3lftf ~ en2R ~ ~ ~ ?

CfiRUT ~ ~ cP={ I

~) ~pf ~ 'lWlT ~ ~ cit f1W: ~ I 6 each

10. a) Compilers are more useful than interpreters. Do you agree with this statement? Give reasons.

b) State the importance of forth generation languages.

-----~----

-END-.-

30

~,2009 NOVEMBER,2009

AL-22

l{ffl ~ Il{l ~ I q "4it&lT ;:if) q "i -aftm aft q i CfH

ASSOCIATESHII> EXAMINATION

LIE}: ASSURANCEUN))ERWRITING

~ : 3 -qt ] [¥r atcn: 100


~ ano m ~ ~ ~ I V2Tl1 w.:r ~ 16 3iq; ~ ~ ~ atf;rcm:f -;rtff i I 3F<f

"frlft ~ w.:r 12 3iq; ~ ~ I

Answer EIGHT questions only. Question ONI£ carries 16 marks but this is not compulsory. All other questions carry 12 marks each.

l. WJtr-q ~ :-

<.fJ) ~~q)f~~~1 ~) 51 Ria; ~ Cfl 'I:TRf I

IT) ~ <tt ~WtllCflt11 ~~ I F.f)~~1

Marks

(m~43lq»

1. Write short notes on.-

a) Incidence and Intensity of extra risk

b) Restrictive clause

c) Need for and purpose of selection

d) Group underwriting.

4 each

2. <.fJ) $I~~~~crTIcfit~q)fqof;f~ I (~~6~) ~) 4llOllCflt1f mr $I ~ ~ TNrf it ~ fi ~ ct1 ~ ~ I

2. a) What is the underwriting process for different categories of female 6 each lives?

b) What are the restrictions imposed on female-lives by the insurers?

3. <.fJ) "Cflll-'llR qffi~ q)f~ cnm wr:r f<.fi;T ri 1R fcRm: CfiBf~? 8

~) <tt-~ ~ ~ <.flPFfi aM IDU l:fTftr ~ "\lfH "Iffi ~ ~ JlR'\Il q)f 4

>ncrtTR~ I

31

2

AL-22

3. a) State the factors to be considered while underwriting cases of 8

underweight.

b) What are the provisions in the Resolution to be passed by the Company 4

Board for keyman Insurance?

4. co) ~~ctt~~~1 6

~) Ply~RgI'1 Rl'tlffilli 1ITit ~ ~ >ffifTCif <fiT ~ SITU fcfi;r n~ <fiT

'IillR BSRT _ : - (m &; 2 3lcn)

i ) ~

ii) m q1f l<f ~ if 1f2rtt ~ ~ iii) ~~

6. en) ~&:If\'il"fl~~~ctt~~~1 ~) ~&:Il\'il"fl ~ ~ ~ cn't cp:.rr .@:rnt ~?

8 4

4. a) Describe briefly the Urinary System. 6

b) How proposals disclosing the following impairments will be dealt 2 each with by an underwriter?

i) Haematuria

ii) Operation of kidney stone two years back. iii) Polyuria

5. PlyfB;jRgI'1 RlRhfB"fl ~ it ~ ~ ctt ~ ~ :i) 3HlllCWfl'1f

ii) ~'tl

iii)~-~

iv) lI8\!~"flf ~

(m&; 3 3lcn)

5. Explain the following medical terms giving their underwriting 3 each significance:-

i) Lordosis

ii) Arthritis

iii) Appendicitis iv) Tonsilitis

32

3

6. a) Describe briefly the operation of numerical rating method. b) Mention the limitations of the numerical rating method.

AL-22 8 4

7. en) f.1I:+~k1{) II ~ CfiT ofmr cn&"Wflf, ~ 41Rirn ""41 if; ~ f.:rfi:fn 8

~ qffi CfiTtf lR ~ ~ CfiT CfllT ):fqJq~, ~ fI?Zf lR ~

CfiB[ ~ 'fliT~? ~ en2H c6t ~ ~ I

~) ~ tfwuT at;:<iJcil;@1 ~. ~ ~ ~ c6t"Wfta.:rr ~ I 4

7. a) One of the important factors which is also to be taken into 8

consideration when underwriting·sub-standard lives is the effect of

reserves. (accumulating under most of the policies). Elaborate. 4

b) Bring out briefly the underwriting significance of Double Cover Endowment Assurance.

8. q) .~coT~~1 .2

~) ~ fcfi;r CfiRUIT ~. ~ coT ft§trr ~ ~ GfT ftR ~ ~ Cfi\. ~ 6

Cfi\ w.FiaT ~ ?

If) ~ ~ ~ c6t ltl&~"qcl) if w.Tll 1("'4jttiOj iiftlOJlttil1f CfiQT \JffI1T~, 4

.~c6t~coT~Cfi\~~, ~en2Hif~~ c6t~coT~·~ I

8. a) Define the term "Moral Hazard". 2

b) What are the reasons due to which the proposer may hide or distort 6

information?

c) Explain briefly the Agent's Role as a primary underwriter to exclude 4

the possibility of moral hazard so far as it is practicable.

9. f.jYRiftll1 it ~ ~ CfiT fclltM::j01 ~ I en) 'h1$M(}rn*l

~)~

If) ~

~) ~~

33

4

9. Bring out only the underwriting significance of the following:

a) Filariasis

b) Typhoid

c) Malaria

d) Hookworm

AI_ -22 3 each

34

10. ~ IDU ~ ~ Pl8~f{g(1 if~ ~ filFchfffili fttrli ~ <tr ~ ~ ;- 12

co) ~ ~ ~ 34 crf

~) &ji'HlIll ~

1]") ~,.~ ~~~~-3Icrf

~) ~ ~um ~. 3 "ill@

"El) ~ ~ ~ 14-25 ~~. 50,000 (~crf1ff)

"1") ~ - w:wn 1lTWllt

~) cnfTtco 3Wi ~. 2 "ill@

\If) QIf{clIf{Cfl ~ ftrm ~ ~ - 65 crf <tr ~ -q ~ I mm <tr ~ 70 ~ Ch'T ~ -q I

~) -qfu q:;r ~ ~ 14 il25 crf in ~ -~. 1 "ill@

~) &jfcR1lli1 G1ffi i) ~ 'I1R 38% ~. ~ 3lR. + 30 ii) ~ T.fTCf 136/90 t ~ 3lR. + 20

iii) "WlT~t ~~WR - 6.5 (~

31fuif il)

if) OljfcR1lli1 ~ ~; ~ ~ ~~~;J1I it JrfWr

"¥flIT ~ ~ IDU ~ ern ~ am ~ if~ *rH _ ~ 1ffillCf 1R ~ Cfi"8T m I m q:;r ~ ~ ~ ~ ~ ~ ~ ~in~~mqp:fml

10. The following particulars arc available from the proposal and the Medical Report 12

submitted lor Life Insurance.

a) Female I .ifc Age 34 years

b) Occupation Teacher

c) Plan & Tcnn Whole Life Assurance with term 31 years

d) Sum Proposed Rs. 3 Lacs.

c) Previous Insurance Rs. 50,000/- under 14-25 one year hack.

f) Age Proof Passport

g) Annual Income Rs. 2 Lacs.

5

AL-22

h) Family History Father died at-age 65 years Mother died at age 70 years.

i) Husband's Insurance: Rs. 1 lac under 14-25

j) Personal Condition : i) Overweight 38% EMR +30 iI) B.P 136/90 EMR +20

iii) Wears glasses, power oflenses -6.5 for both eyes.

k) Personal History Influenza six months back.

Mention what additional information and requirements are necessary to consider the proposal and give your underwri ling decision, if requirements are in order and found normal.

----- ~ -----

-END---

35


AL-23

l('Bl~IQ\G~lq W~ -mcr.:r~~~

ASSOCIATESHIl) EXAMINATION APPLICATION OF LIFE ASSURANCE

~ : 3m-] ["¥f3tcn: 100

Time: 3 1 lours I [Total Marks: 100

~ ano~~~~ IlJ~~~ 16 3tcn~~-a&~~i I 3p;flrm~~ 12 mn~~ I

Answer EIGHT questions only. Question ONE carries 16 marks but this is not compulsory. All other questions carry 12 marks each.

1. ~~~~fZalufi~:-

-q) ~

~) ~fCr:rrR Tf) ~~~

~) ~ <11Cfi4k'1

~) ~~

Marks

(m if; 4 3ffi)

I. Write short notes on any four :-

a) Consideration

b) Direct Marketing

c) Prior Investigation

d) Insurance Ombudsman

e) Postal life Insurance.

2. -q)) w=tIGl/wqfu ~ CflIT t?

(Sf) ~ ~ ~ 1J&f ~ 'flIT~?

2. a) What is estate planning? 4

b) Enumerate tools available of the Estate plan.(ways of distribution of an 8

Estate)

36

4 each

4 8

4. en) ~ <WIT com ~ ~'lFf mcif ~ ~ ~ I

~) ~ <WIT ~ ~ ~ o~ <.fiT f4tilen{UI ~ I IT) \!.Cfi ~ ~ ~3TCIf~ <WIT ~ >rCfiT{ cnrf COW ~?

2 AL .:23

3. en) cnf%t com ~ ~ ~ I (m ~ 4 3fq;)

~) 1j&f cnf%t Cfi\RT ~ ~~. I

1]") ~,.cnf%t if am CflIT ~ ~ \llT ~ Jf~. ¥9 qtif ~ ~ ~ ~ ~~~·~mm~1

3. a) What is an Annuity contracts? 4 each

b) State briefly main annuity contracts.

c) What do you understand by the term "Annuity Certain for specific number of years & thereafter for Life"?

4. a) State the basic features of Group Insurance Contract. 4 each

b) What are the distinguishing characteristics of group insurance?

c) How does one year Renewable Term Assurance Work?

5. 1988-89 if~~ronr{Cfif{mr~~~~Cf)<tq~~~; ~-;:r 12

~ >JTCf~:rRf CfiT ~ if cruf;:r ~ I

5. Right from 1988-89 Govt. ofIndia is adopting various measures for poverty 12

alleviation. Enumerate such measures, discuss them briefly.

6. en) ~ <WIT 'fifcRr~ 3MPfu <WIT ~ ~ ~ ~ CfiT ~ ~ 10

cruf;:rcR I

~) \l\tCR <WIT 'fifcRr if <WIT ~ <WIT com ~ ~ 1%B w:r:r ~ iRr 2

~?

6. a) State general principles ofinsurable interest under life insurance contract 10

and give recognized examples ofinsurablc interest.

b) At what.point of time insurable interest must exist in life insurance 2

contract?

37

3

AL-23 8 4

.7. Cfi) ~-~it>~~~~.~ I "&) ~ ~3TI ~ ¥. 31J7:f Cfi\ ~3TI lR JICIim ~ I

7. a) What are the basic features of superannuation scheme? b) Discuss tax aspect under superannuation scheme.

8 4

8. Cfi) ~ ~ 1972 i?n dv.TI coT ~ ~ I "&) .~%TI~%TI~-~~~~? 11) ~~CfiT.:mr~~~~?

6 4

2

8. a) State the provisions made under Gratuity Act 1972. 6

b) What are the options available to the employer to make provision? 4

c) Which is the best option in your opinion? 2

9. Cfi) OlFHilfllCfi ~ %TI ~ $n cfit ~ 3i1iHlICfiiil tt ~ ~ ? (m ~ 6 atcfi) "&) ~ ~ Cfffi. """,,cHllfllCfl ~ ~ ~ $n f¥r:r '[ffi eft" 11t ~ cfit~<-R I

9. a) State life insurance needs of Business organization? 6 each

b) How sole proprietor of Business Organisation can provide business protection with the help of life Insurance?

10. Cfi) ~ $n Cfim .q '~' (cnvit) coT ~ ~ I 3

"&) ~ ~ 1938 cfi'r mu 45 cfiT ~ cR cfit<:ffi fcoH JfCflR "~ 9

it> ftr.s:Rr" ~ ~ CRill ~ ?

10. a) Define 'Warranty' under life insurance contract. 3

b) Explain how Sec.45 of Insurance Act, 1938 restricts the doctrine of 9

warranty?

----- ~ -----

----- END ----

38

~1 ~ Il~:l ~ I q mTa;n

~ titm (fiT ~'4W ASSOCIATESIIlf> 1~:XAMINATION LEGAL ASPECTS OF LIFE ASSURANCE

AL-24

~, 2009 NOVEM HER, 2009

~: 3m] 1¥3lcn: 100


~ 3no~~"3"ffi"{~ 11J2ll1~~ 16 3lcn~~(f6 ~~i I 3:p;frrm~~ 12 3lcn~i I

Answer ElGl1T questions only, Question ONE carries 16 marks but this is not compulsory. All other questions carry 12 marks each.

1. f.'lI:'if~ft:ld if ~ ~ m{ 1f\ m~ ~fUl7:lt ~ :q) ~~~am~~B11iPf

"&) ~

11) ~~~

~) ~(~~) ~) ~

Marks

(~~ 4 3lq:;)

1. Write short notes on any four of'thc following>

a) Joint Tenancy and Tenancy-in-Common

b) Arbitration

e) Contract of'Indcmnity

d) Consensus Adidern

e) Fraud

4 each

2. q) RyR1Rsttl ~ q\t cffi'l"fflTI _ :- 4

i) ~(f~

ii) -Ben if F

~ fcfi ~ ~lUT·~ 1986 if -qft~ ~ Tf11T ~ I

~) ~,~ ~ tiffffifi ~ 3Wffi ~ 'i1~iFcllJl ~ ~ if ~ 4

'~' it 3trf<f .~. q\t -qft'l"fflTI if awn ~ ?

Tf) ~ fcn· 'l\tcR :Q\l1T ~ ~ 3trfu fcfm ww: ctr Bcrr -q ~ <it 4

BI~I""-1dlll ~ ':jffi:rf.:r:rq' ~ 3Trf1fif fu<:rr \lIT VcI1dT ~ ?

39

L

AL -24 4

J a) Define the words

i) Consumer and

ii) Deficiency in service

as defined under Consumer Protection Act, 1986.

b) 1 .xplain, llow nominee under life insurance policy in death claim comes 4

under purview ofthe definition ofConsumer ' under above' Act'.

c) State which types of'dcficicncics in service under life insurance contracts 4

can be generally covered under the above 'Act'.

5.

. ~ f.'I-r ~.,+;. ~)

Cfi) "41'11 It?'i CfiT cpn ;)11'l1>rr-t ~ '.

\Sf) ~ ~r ~3n, ~ 'Bl1 ~q) t ?

If) ~ <fr:rr ~ if ~ r.r,q 3Llf~ iRr ~ 3ffi "fW!Pl <fr:rr ~ it Cfiq?

"f.f) RyR1f@i1 ~ it <fr:rr ~ ~"ffilfT iTcfi ~ t, f!li~I~l!>

i) ~-~

ii) ~ 3iLR ~-~ ~ ~ 11\

iii) "'14Hi1G:I{ 3"f1f.t m-"'114Hi1G:I{ ~ ~ 11\ iv) ~,~~~11\

:2 :2

3. a) Which are void agreements under Indian Contract Act?

b) Explain the circumstances under which a contract can be discharged.

6 each

4.

<fr:rr ~ 1:% '1:f{11 *l'trcll~qm' <tt ~ t I cpn ·31fLf ~ Cfi2f.1-B·~~? CFIT ofifit:r mr J;ffillCf 1f;f it 1:% 1~ ~ ~ <iT ffim Cfi{ ~ t·? 3l[q 3"f1f.t N{ <it Ruffu ~ 1JCfiG:lTI ~ 31Tm{ 'R 3fuo ~ I

12

4.

'Insurance contract is a contract on Ibcrrima Fides.' Do vou agree with this

• < ~

statement? Can a wrong declaration by the insured in the proposal form vitiate the contract? Justify your answer with decided court cases.

12

6

40

AL -24

5. <1) What is meant by insurable interest? 2

b) Why it is essential in life insurance contracts? 2

e) When it should exist in life insurance contract and in nonli tc insurance 2

contract?

d) Explain the extent ofinsurable interest available in following cases.

i) Employer- employee

ii) Partner on the life of co-partner iii) . Surety on the life ofco-surety. iv) Creditor on the life of debtor.

6

6. rn) ~·OWrr ~ ~.3@fu ~~ ~r'q ~ ~ cp:ffl1 R~ 6

wsiif <it ft'1~ I

(g) Cffi1J1 ~ ~ ~ cp:f[ f.lq~ 11f~ if ~z;n ~'q zy;rr ~Wrr-

i) '~' ~ tit ~ ~ ~ if <:[ffi ~ WI 2IT I Gff[ its{ Us ~ 2 '1 Ek '"I1!Hfl m 1flfi am: '~' cn't ~ m 1flfi I

ii) t1cf ~ <it ~ ~ 'll!f' ~ .~ ~ ~ 1J3~ if 2

ti <fiT fuc!lR m lJ<lT I

iii)'~' ;w:r ctr ~ 1fftwft fcmr2\T 3ltRt ;ffif <it ~ ~ if CfilC ~ 2

.~ I ~ qf{0IlGfCll?\Q ~ m2:f (1rnClIJI@ m lJ<lT I

6. a) Enumerate thc various exclusions clauses to accident benefit under a 6

contract of tile Insurance.

b) Explain with reasons whether accident benefits claim under following policies would be admissible.

i) • N in a drunken state was travelling in a bus which mel with an 2 accident at Peddcr road and he died.

ii) While robbing railway passengers. 'M"" a dacoit was shot dead in 2 the police encounter.

iii) 'S' a studious student cuts her veins with a sharp knife. Her hands 2

get paralysed as a result ol'thc same.

7. rn) ~~<it~~:- 4

i) 31f'l1<fiill

ii) ~ ~ ~ ~ ~~, 18ncn't mu I 82 ~ ('ffi{l if 1fft'l.'lWm fc!llrr lJ<lT t I

41

B") WR ~ 'i1!JiRhrfi/~

i) ~

ii) 1WTB

iii) Rcuif1 £I I ~ m ~ ~ ~ ~ COT f.1qzr.:r ~ ?

6

4 w) ~ am: ~ COT atR ~ I

If) ~ ~ ~ 31J'I:m 'R ~ <tt ~ ;if ~ '~W'R~~'R-B-'

AI. -24 4

4

7. a) Deline the words 4

i) Agent and

ii) Principal as defined under section 182 ol'Indian Contract Act. 1872

b) Distinguish between Agent and Servant. 4

c) Explain the role of an agent on the basis of Maxim: 4

"Qui Facit per alium Iacit per sc'

(J;!("irco ~ 63lcn)

8. en) ~ ~ <tt V-.ffiT 39 ~'iffiC!l ~ ~ COT ~ ~ ~ t

I \fcIl ~ ~ 1:J'fR1m ~ atrfu ~ 'i1!JiRhct'1 it q:>:[T ~ W ? q:>:[T afRfcfunt ;rP1tCfl;n:cr~ it ~ ~ ?

w) ~ W ~ 31f~ 1874 ;:fit mu (1 it $r ;if '8!J~lI~l{ I

8. a) Section 39 ofthc Insurance Act gives a complete code lor nomination by 6 each the policy holder. What are the rights ol'a nominee under a Life Insurance

Policy? Docs assignment cancel nomination'!

b) Explain the scope of Sec. 6 ol'Marricd Women's Property Act 1874.

9. 31) m~ arom ~ ~ it·31f!T 'F-lT ~ ~? 2

Gf) fll41rl1rllll M ~ 'R fcr:rm Ofiir it ~ 0.1fr1r ~ fcfl;r-fc!i";:r.~ 4

'lIHenlRlif Cfit WI Cflclr ~ ~m Wr M zy:ff ~ ill~ ~ ~ ~~liMt~~'?

9. a) What is meant by early and non early death claims '! 2

b) Which requirements are generally called by an insurance company for 4

consideration of death claim? In case ofcarly death claim which additional requirements arc called lor?

42

5

AL -24 6

c) If Claimant nominee/assignee is

i) minor

ii) Lunatic iii) Insolvent

, how insurance company wi II settle claim?

10. Cfi) fcRr M ~ ~ ~~ <if;:fiR"ill ~ ~ ~ ~ <if ~ <if ~ ;:hl \CfilT 1R -zy;rr m .t; ~ t.:rr iMr '?

~) ~f1:rr '-FIT ~ ";' ~ ~ fcR1 wm: wmtn ~ it f'q?[ ~ ? iT) cp:rr ~ ~ ~ 1) ~ ii ~ ~, ~. :~Tm "fiT ~ wr Qtrr ~ ?

4

6

2

10. a) In case of intestate succession which evidences of title a claimant has to 4

produce to insurer for claiming policy moneys?

b) What is re-insurance? How docs facultative reinsurance diller from Treaty 6

reinsurance?

c) Is income tax benefit for Life Insurance premiums form a part of policy 2

condition?

----- ~ -----

-END-

43

Marks

~, 2009

Qfll ~ Il(G ~ I q 1ffi~1 ~~~

ASSOCIATESlIll' ~:XAMINATION

LIFE ASSURANCE MANAGEMENT

~: 3 eii] l~ 3tcn: 100

Time: 3 I lours J [Total Marks: 100

~ 31lO m if; dm{ ~ I V:2lli 1Jv.1 if; 16 3tcn ~ ~ ~ ~ ~ t I ~ ~m ~ 1Jv.:r 12 3tcn if; ~ I

Answer EIGHT questions only. Question ONE carries J 6 marks but this is not compulsory. All other questions carry 12 marks each.

AL-25

NOVEMBER,2009

I. ~ 'fi'1J&f tit ~ ~ if ~~, cfAillRljl, ~:m i'MT 16

3p.:f -0PIT it ~ q;r;:rr ~ t I

'Cfi) ~ ~ ~ if; J$tfi, 3f.'<1 ~ if; ~ it f<tB ~ ~ ~ ? '&) B~:m if; CfiRUT, ~ tit CflIT ~ ~, c:@; 'it{, q;r;:rr _?

1. Every organisation has to deal with its customers, its employees, agents or 16

others in the distribution channel.

a) In what ways are customers of a life insurance company different from

customers ofothcr businesses? .

b) What special arrangements, ifany, must be made by the insurer because of these differences?

2. ~ ~ 0fTill t fct oftqf<'j).1 fciwr tit ~ 311~, Cflf(:1II1"111 ~ ~ ~.~ $ ~. f>h;qI~~(:'1 CflI;Ql(:'1<{i it >ITl{f ~ ~ I

'Cfi) ~ fcMrT ciT ~ ~ r.t\T 3M~I:ICflI1I;:p;IT ~ t ? 4

~) 6i1 \llHChlfNi ott ~ ~ -it fBtll1l~~C1 (~) ~ <it WIT CfiBf 8

~ 3fu:"W3T 'CfiP1~ if; fctB fcrqrrr <it if \llHCflIRl:li ~ m1fi -it ~ ~~I

2. It is said that the Actuarial Department has to get from the operating offices 4

data relating to mortality experience, lapsations, product preferences, etc.

a) Why docs the Actuarial Department need such data?

44

2

AL -25

b) List out the information which the operating (Branch) office will be 8 required to collect and report and also the department in the branch

office which will supply the information.

3. Jl1j& ~ cnr fcf11ur;r fcMrrT, ~ .-Q:?r m if cw:fq Iffi 41 cn1 WH CflV1T 12

~ ~ .~ .• 31f~: IDlftur ~ :dR ~ c@ m qr.:rr cof3;r C11EIT ~

f.J8R1R9i1 •. ffR ~ ~ :run :dR ~ lR ~. ~ :-

i)m -q ~ ;:p;ff ~IT&T ~ ~

ii) ~~~~.~cn1>rJFf~~

iii) ~ tt&:rr. if ~:m cfit 'l1fff cfit ~ "it ~ ~ m ~ W&T ~ if fttTIi ~ I

3. The Marketing department at I Icad office is planning to intensify activities in a 12

certain district, which is largely rural and, they find, is low in penetration. Discuss

the merits and demerits ofthe following three options.

i) Open a new branch office in the district

iJ) Utilise the resources of a local bank

iii) Appoint a large number of agents reporting directly to a branch office in the adjoining district.

4. ~8R1R9i1 CIl2FIT cfit l1P1IfT lR ~ ~ : - (~~ 4 3ico)

CIl) :lffilTCf 1Bf ~ 3t=r if ~ 1J7.fi ~) GfilJT ~ I 938 cfit mu 45 ~

~ ~ CflRUT 3T~ ~ I

"&) ~ GfilJT qTr~rfP"l'i ~ ~ ~~ cn1 ·31:!:tfCf lR anmfur C1N if ~ ~ ~ .3W: ~ ww'iIRii1 fcn<.n ~ ~, ~ &:IfCRj'li1 ~<it~~~;@fiR1oT~, ~~~~W I If) ~ 'C1N ~' mm cn1 'C1N $' ~ wr:r it m <IT ~~ fc:rq"fuf ~ if ~ m ~ ~ I

4. Discuss the validity of the following statements :- 4 each

a) The declaration at the end of the proposal is meaningless because of the provisions of section 45 of the Insurance Act 1938.

b) Policyholders under group policies being allowed experience based profit sharing and premium adjustment, while individual policyholders do not get such benefits, amounts to discrimination.

45

3

c) There is no harm in making a 'Without Prone policy 'Participating' or vice versa retrospectively.

AL -25

5. CfiRUT ~ ~ fcfi P!klR1ftJ\i -q ~ q;f.r ~ 31¥\l.R ~ ~ afu: ~

~? (~ifi2~)

'll) ~CflT~~~~-;ffif~_ I

"&) ~ M CflllJf~lJ ~ 20 ~ ~ ~ ~ ~ afu1fu ~ .. ~ W1lf

•

-q~~~ill~oftTfr~~w I

Tf) Jffi!jq ~ -q M ~ ~ ;wr CflT ~, ~ tt ~ ~ lOI~fCl'fuf (fv.:r ~ I

<r) ~ ~ ~ >fR'l1 ~ ifi 5 ~ ~ ~ Cffi1T ~ (!JCff f.tt«r -;ffif fcfilIT ~ Wfl\1T 1

~) ~ WTo;:r oftTfr ~ mm- ~ mr ~ ~ \lfffi ~ I

~) "B'4T ~ ~ ~ '\ifiq.:r 4llOllCfl\if flfAiR1\i mm t, ~ "fW~, ~~~~CfiRUT~Nff~ 1

5. State which of the following statements are true and which ones false? Give 2 each reasons.

a) The span of control should not exceed eight.

b) When 20 employees of an office take policies under Salary Saving Schemes at the same time, there is a group insurance cover.

c) The friend's name in the proposal 10m1 is a 'material' fact tor underwriting,

d) A claim by death occuning 5 years after commencement of policy cannot be repudiated.

e) Consumer Councils are appointed by the IRDA.

1) All legal matters involving a life insurer arise IIOln the provisions of the Insurance Act.

6. ~ ~ ~ P!kiR1ftJ\i CflT %<f ~ I· qj) ~~~(O&M)

"&) RlR>\"8ct1lJ ~ fttiti (MHR)

Tf) ~

<r) WFT CflT ~

46

4

AL -25

6. Explain the importance ofthe following for a life insurer 3 each

a) O&M

b) MHR

c) BARS

d) Time Compression

orrit<.n if; 6 alq)

7. Cfi) ~ ~.;) ~~fen ~ %r~ ~ ~ if"flCm: m,* I(c!Mif2Cfi BPR·~ ~ ~ ~ OW cfiT .~ ~ t1Nffi m TPlT I ~.~ ~ it ~ ~ WI m I ~ ~ w;i~~. w:r -q 3iN ~ CfiT fcnB OW ~ ~ tlmit ~ ~ cfiT ~ CfiT ~ ~ ~ ~ I~fcfiwr;) ~ ~ w.rr W fit ~ ~m ~ fi'R1 "W:tiT W, ~ t1Nffi ~ "<tiT lfl11c1f ~ \lffit. am 7 qtif ~ ~ cfiT \lffit I

~) "lffi mncr flWrr W fen ~ ;sfi1:rr ~ cW.J CfiT ~ ~ ~ w:r -q tllcf\l1~Cfi~-ij~ Cfi\ ~ \lffit ~ ~ cfiT ~ ~ ..•.•• mq ~

<.fiRUT ~ ~ fen <FlT 3iN ~ ~ it ~'1ff ~ ?

7. a) A claimant reports that her husband was on board an aircraft that 6 each disappeared without trace over the Atlantic Ocean flying from the Ll.S. to

London. As Claims Manager What advice would you give the claimant to

prove the death of the insured? Your Department has suggested that as

the body could not be found. this must be treated as a case ora missing

person and wait lor 7 years.

b) It is suggested that the funds of a life insurer should be placed in Fixed deposit with public sector banks, as safety of funds is the prime consideration. State. with reasons. whether you agree with this suggestion?

8. ~klk1Rgd lR ~ f2cqfijp"li ~ :-

Cfi) ~ «fill ~.~ ~ ~ ~ w;rr ~)~~

"If) qTk1ffl~ CfiT ~ -q fi:rffi ~ I

8. Write short notes on :

a) Follow up of deposits

b) Duplicate Policy

c) Auachmentof'Policics

4 each

47

48

5 AL -25

9. 'li) ~ ~'Ef.1 it ~ frrp:IT CfiT ~ ~ I 8

(9) ~ $ flCf?; I R"h "&:f CfiT m ~ ~'Ef.1 it ~ fc)Jlrr ~ ~ m 4

i) ~ it ~ f.'r;rl:r m it ~ ~ I

ii) cnW;p.rr f.'r;rl:r ~ it ~ ~ I

9. a) State the main principles of Records Management. 8

b) When electronic technology is used for records management would 4

i) any ofthesc principles become redundant

ii) any new principle become necessary.

1 O. ~ ffiill/~ ~ ~ fcflwT CfiT ;rrq ~ ~ RyRifutil CfiTlf ~

~ ~ ~ :- (~it 1 Y2 3Tc!i)

'li) cnit ~ ~ CfiT ~ 0f.1RT ~ C!JCfT fcflwT ~ ~ ~ ~ ~ I

(9) ~ ~ cit ~ ~ ~ fit ~ ~ CfiT <icl1ril"h{UI fc)Jlrr

\lfRT ~ I

1f) ~ ~ cit ~ it ~ l1{ fcrqn: Cfi\<iT I

tr) ~ ~ cit ~ ~.~ fit ~ ~ ~ cit ~ ~"l!hRr ~ -q tlfblRiil q)\ B I

~) ~ ~ ~ ~ it ~ ~ tn: mr: C!iBT fit ~ ~ ~-q lfcfi "WSIT ~ ~ ~ I

~) 3=f't:lreJ coT ctT TJ<ft ~ CfiT ~ ~ fit ~ cnit ~ ~ -q 2 cpff it affi'.rcf; ~ ·~aTI ~ I

~) ~ JffifTq l1{ ~ Cfi\<iT fit ~ it "h<1I"hI{1 'itt ~ ~ ~ -;:p.ft "l!hRr ctT ~3llif ctT ~ I

~) ~ ~ it ~ ~ fit.~ ~ RlFchffl"h ~ ctT ~ -q tl fbl fBi il fcn<n ~ I

10. State the department of a branch/divisional office in which the followingjobs I Yz each are likely to be carried out:- .

a) Preparing the cheque for a claim which the claims department has already passed.

b) Reminding an agent that his licence is due lor renewal.

c) Considering a request for removal ofextra premium.

6

AL -25

d) Advising an employer about a new policy to be included in the SSS list.

e) Considering the request from an MLA to open a branch office in his constituency.

1) Dealing with a complaint made to the Chairman about the delaj; of more

than 2 years in settling a claim. . ..

g) Dealing with a proposal for introducing a new plan covering circus artistes;

h) Application ora doctor to be included in the panel of medical examiners.

- __ .. _ ~ _

--. END--

49

1. lf1 ~ ~ ~ cil. lB. CfiT ~ 31.03.2009 Cfit ~ >ICfiR ~ : (~ '000 if)

Marks 16

~,2009 NOVEMBER, 2009

AL-26

~m~Il~G~lq ~&n ;sf) cH Gftm fern;

ASSOCIATESHIP EXAMINATION

LIFE ASSURANCE FINANCE

~: 3."dt] ~ 3icfi: 100

Time: 3 Hours] . [Total Marks: 100

~ 3llOm~~~ I V2m~~ 16 3icfif~~~-::rtfi I 3p;f"B"m~~ 12 3lcfi~f I


1. ~fia1fWT
2. ~
3. ~m
4. ~~
5. qf{qcl<'WI <wn
6. ~fi~
7. (3lfifo) ~lR~
8. qlf7:ffchlll CfiT ~
9. ~~~illf
10. ~
11. J;f~ qq CfiT >ftITr:rf
12. ~~
D. f2lPtllh., lfp:f ~
14. .~,~~~
15:~ q TR1fB 41 tR :wrr
16. ~tR~
17. ~ f.W.r
18. ~1f@ ~ ~
~. ~.
12,800
15,000
5,000
17,000
31,000
12,300
315
15,000 3,250 .' 5,320

32,450

20,200 4,15,300

29,500

45,700 50,250

4,26,382

13,100

50

2 AL-26
. FcfcritlT o;rrq
~ ~
~. ~.
19. ~~~ 2,750
20. ~ qi'{qct<lctl ~ 13,400
21. ~ <wit q;r Jl Rl Ji=t§ '1 8,900
22. >r$R~~ 3,817
23. . qi'{'8IX1Ril(i <tT ~ '4t.C1M 1,100
24. ~~'tR' 14,200
25. '1i:lMlqlct ~ 92,921
26. 3iftfu~~ 312
27. ctFr 5,3.90
28. mr~ 25,000
29. ~~ 1,700
30. ~~ 2,800
31'. WfIfur 3,300
32. ~~ 1,779 ~ : - 6,63,618 6,63,618

~ ~ 1938 ~ afurffi ~ >ffiC\Il ~ ~ ~ '@TctT .a:m: . . WR--q;r~ I

(~·ooo.q)

~.

1) ~~q;r~~

2) f.l'k1'RUq;r~~ ~~

- ~

- ~ 'iiT\

3) fi~

4) ~~

5) ~~~~~

6) ~~~.:rom~31fWOTq;r~.

2,600

422 . 632 1,828

305 15 27 rs

51

3 AL-26
1. Followingis the Trial Balance ofM!s Moonlight Life Insurance Co. Ltd. as at 16
31.3.09
{Rs. in 'OOO}
Sr. Particulars (Debit) (Credit)
No. Rs. Rs.
1. Agents Advances 12,800
2. Annuities 15,000
3. Bonus in cash 5,000
4. Claims: By Death 17;000
5. Claims: By Maturity 31,000
6. Commission to Agents 12,300
7. Commission on Re-insurance (Ceeded) 315
8. Consideration for Annuities 15,000
9. Cash and Bank balances 3,250
10. Fumiture and Fixtures 5,320
11. First year premium 32,450
12. House Property 20,200
13. Investment in Approved Securities 4,15,300
14. Interest, Dividend and Rent 29,500
15. Loan on policies 45,700
16. Loan on Mortgage 50,250
17. Life Fund 4,26,382
18: Motor-Car 13,100
19. Outstanding Claims - Death 2,750
20. Outstanding Claims - Maturity 13,400
21. Outstanding Claims Written Back 8,900
22. Other expenses of Management 3,817
23. Profit on sale of Assets 1,100
24. Policy Deposits 14,200
25. Renewal Premium 92,921
26: . Re-insurance Premium, Ceeded 312
27. Salaries 5,390
28. Share Capital 25,000
29. . Sundry Creditors 1,700
30. Sundry Debtors 2,800 -
31. Surrenders 3,300
32. Sundry Deposits 1,779
Total: - 6,63,618 6,63,618
52 4

AL-26

Prepare Revenue Account and Balance Sheet as per the proforma prescribed under Insurance Act, 1938.

Following adjustments are to be considered :-

(Rs.in '000) Rs.

1) Provide Income Tax Payable

2) Provide Depreciation on

House Property Furniture and Fixtures Motor Car

3) Accrued Gratuity

4) Prepaid Rent

5) Outstanding expenses of Management

6) Provide Reserve for Bad and Doubtful Debts

2,600

422 632 1,828

305 15 27 18

2. 1PicHf(1 ~ ~ ct. fB. ifi m 1l f4~"ICfl<OI ifi"fW.T ~ JlfSl~lIi

~I (~~23fq;)

Q ~. 1,15,540~~~~1l~Cli\~~ICffl~~ ~"&flT~ I

iI) 31 .3 .2009 .Cfl11ifCfiflIT ~~. 30, 1 10 CfiT ~ ~ ~ 1l . 'CflVU ~. I

iii) CfiT{ t ~ ~ ~ 1.1.2009 ~ 31.12.2009 'ffCfl CfiT ta:<rr lp;ff ~. 1,50,060 3iftrq &flT ~ ~ ~ I

iv) a:Usl~Cfl ~ ~ cfi'r~. 4,500 <:fiT ~ 1fGIT ~ ~~. 1,500 3Wfcfi\ ifi CfiTC fBit ~ I

v) 31.3.2009 coT fclf.p:i)\lj'"l1R.~ fi san ~ ~.~ San~. 40,200 vi) ~ ~ <fiT ~ ~. 21,000 CfiT ~ m lp;ff I ~ ~ ~. 300 ~.~tfBit~1

2. Write journal entries with narration in the books of Universal Life Insurance 2 each Co. Ltd.

Q Rs. 1,15,540 were wrongly debited to House Property Account. It was repairs and maintainance expenditure.

iI) Outstanding commission as at 31.03.09 Rs. 30,110 to be;! provided in Books

53

5

AL-26

iii) Insurance Premium for Cars was paid from 1.1.09t031.12.09 is Rs, 1,50,060.

Provide for prepaid expenditure.

iv) Penal Interest paid to policy holder Rs. 4,500 after deducting Income Tax ofRs. 1,500

v) Interest Accruing but not due on investment as at 31.03.09 is Rs. 40,200 vi) Cheque for first premium ofRs. 21,000 was dishonoured. Bank charges Rs. 300 for dishonour charges.

3. <li) ~ a:m: ~ if op;rr atR ~ ? 4

~) 31.3.2009oitf.:P:<iR1f{gI1~~~~~~~:- 8

i) 1ffif ~ ~ ~ after: ~ "{c\. 30,000

ii) ~ ~ fctit ~ \cfi'l'f 1tf fm;ft. "{c\. 15,000

iii) ~ \jflif fctit tR ~ if ~ 1tf ~ "{c\. I 1,000

iv) 1'4. ~~~~ifm~~~Cfl\~ "{c\. 12,000

v) ~~MTfllT~·~mTfllT~~~~~ if ~ ~"{c\. 8,000

vi) "{c\. 6,570 CfiT ~ ~ if ~ M TflIT ~ ~ m TfllT ~ ~ ~if~~"{c\. 5,670~~

vii) ~ cfit am ~ ~ if ~ ~ CfiT cWr"{c\. 3,000 ~ Cfi11 ~ I. viii) "{c\. 25,000 ctt ~ ~ urn tJftqq:q ~ a:m: ~ ~ if ~ zit 7I<ft1 ~ ~ if coW ~ 1tf ~ 1

3. a) What is the difference between Trial Balance and Balance Sheet? 4

b) Prepare Bank Reconciliation Statement at 31.03.09 from the following 8

information.

i) Overdraft as per pass book Rs. 30,000

ii) Cheques deposited but notrealised Rs, 15,000

iii) Cheques issued but not presented Rs. 11,000

iv). Mr. Anand deposited Rs. 12,000 directly in Bank Account.

v) Cheque deposited for Rs. 8,000 is dishonoured but not recorded in cash book.

vi) Cheque deposited for Rs. 6,570 which was realised but wrongly entered in cash book as Rs. 5,670

vii) Bank column total in Cash Book is short by Rs. 3,000 on debit side. viii) Rs. 25,000 Fixed Deposit matured and credited to current Nc. No entry was passed in cash Book.

54

4. Write short notes on any four :- 12

i) Re-insurance ceeded and Re-insurance accepted.

il) Outstanding Premium

iii) Capital arid Revenue Expenditure iv) Overall Expense Ratio

v) Writing back of old outstanding unclaimed deposits.

5. en) ~ ~ ~ # ~ f.lkl!flRsl\1 ~ co1~. ~ :- 4

~ ~~

il) ~~CfiT¥~CfiT~

'(3) 31.3.2009 co1 ~ ~ ~ ~ in affifq m ~ f.lki!flf{sJ\'1 8

~ ffi 'Ffr ~ :- ~.

~ 1,25,000

6

4. fcn;tt~~ ~ RocqfOllJi~:i) ~aWfu~~~

ii) ~~

iii) ~ ~ ~-1ffi &f<1 iv) ~&f<1~

v) ~ ~ ;:}IC!]ql$o ~ CfiT JOIRl;J'tSI'i fcIim I

~RN

~ CfiT 'TT?1H M 3lTlJCfi\ a:rc:J M arn~ ~M ~a:fWctt~ ~ l1::r

~ qRfl104Rt

~ qR*i104Rt olR-tCfilcnl ~ ~ (3iI~6:hRCfi)

~ ~'ia:IRlJi

f.:I"1R-tf<5lt1 ~ cnT f.:ICFiIR-tq; :-

55

25,000 10,000 1.5,000

10,00,000 2,00,000 10,000 1,00,000 12,00,000 15,000 5,000 7,300

AL-26 12

5. a) Explain with formulaes following ratios in Life Insurance Industry -.

~ Conservation Ratio

ii) Percentage of outstanding Deposits to total premium.

b) Following information is taken from Final Accounts of Mis Vakson and 8

Vakson as at 31.03.09 Rs.

Sales 1,25,000

Net Profit 2-5,000

Interest paid 10,000

Income Tax paid 15 .. 000

Share Capital 10,00,000

Reserves 2,00,000

No. of equity shares 10,000 0

Debentures 1,00,000

Fixed Assets 12,00,000 .

Current assets excluding inventory 15,000

Inventories 5,000

Current Liabilities 7,300

6. ~yfetR9\1 tR ~ Qcqf{lllJi ~ : 12
i) oft1:rr ~ 1938 cfit 'I:ffiT 27 ~
ii) 3 ~ cfit ~ <fmr qTfet~lJi
iii) ~~w.rr~~
iv) ~C4"lf 7

i) ~~

ii) f4f.llll \11'1 tR ~ iii) Jffif a-ro ~

iv) ~ c.:faitcR ~

Work out following Ratios:

~ Quick Ratio

ii) RellU11 on investment iii) Earning per share

iv) Asset Turnover Ratio

56

AL-26

4

6. Short Notes on :-

i) Sect. 27 A ofInsurance Act 1938

. iI) Three types of Life Insurance policies iii) Cum Interest and ex-interest

IV) Prepaid expenditure

8. ctl) ~~<BIT~? 12

~) ~<BIT~?

If) ~ <it ~ "'€I"R" fc!ftr:if CfiT quf;r ctlftQ: I ~) fclcl~11 ~ ar:r <BIT ~?

8. a) What is Contingent Liability ?

b) What is Depreciation?

c) Describe any four methods of depreciation.

d) What is deferred Revenue Expenditure?

9. atR~:- 12

i) 01W!R ffi'Il ~ m ~ i'f2IT ~ -q;r

ii) ~~.~~~

iii) ~ f.r:BrtrT. ~ ~ -q ~ fclcom ~

~~ . .

Iv) ~ fcll?~tlUI ~~ ~1~H4!l fcll?~tlOI

7. i)
ii)
iii)
7. i)
iI)
iiI) 8

AL-26 12

a:n<fcI){ ~ 1961 (~VI -1~:) ctft 'I:TIU 80 it ~ fctftffl12 ~ l{\ ~ Cfl21R14i<it Wi$I~QOI

~ ~ ~ <it fcIlB .JlCflT{. JrIWft ~ ~.~ I

~ llRCIiT it ~ <it '811$1~ QO I

Explain four deductions under various subsections of Section 80 ofIncome 12

TaxAct 1961 (Chapter VI-A)

How we can make budgetary system effective? Explain importance of Accounting Standards.

12

57

/

9

AL-26

9. Distinguish between: 12

i) Trading, Profit and Loss Account and Balance Sheet.

ii) Life Insurance and General Insurance

iii) Administrative controls and System Development Control in Computer based System.

iv) Trend Analysis vis Vertical Analysis.

10. ~ ;ftflCfl4fl ~ ~ "CflT ~ 31.3.2009 CfiT f.:n:;rWfiR ~ I ~. 12

~ ~ "CflT 31.03.2009 CfiT :Mm ~'~ I

~~. ~~.

~~ 9f)lf

fc&i<:r

fcrni<r cw:rm

~ cw:rm llTe'P1T9T "Q!-f ~

~ ~"CflT~ <tR

STCfl ar:r ~Jrl1R ~"Q!-fCfi\

~ ~~ ~~ ~"Q!-f'l1CR W"Q!-f~ ~"Q!-f~~ w:rrft'r

tt ~mmft

~~ ~~

33,000
3,47,000
5,22,300
2,100
1,200
5,880
12,000
8,000
15,000
500
9,000
11,500
3,720
11,830
8,000
50,300
1,50,000
12,200
28,000
1,70,000
5,000
27,000
23,470
7,28,500 7,28,500
~.
58,000
@12% f1QI<:il\l1'1 :-

i) affill:r ~

ii) W "Q!-f ~ '1\ ~ Q 58

10. Mis. Neelkamal and Company's Trial Balance as at 31.03.2009 is as follows: 12

Prepare Final Accounts of the Company as on 31.03.09

Dr. Rs. Cr. Rs.

Opening Stock 33,000

Purchases 3,47,000

Sales 5,22,300

10

iiI) ~ BJllJft cor ~ iv) ~mcn~

v) 30 ~ 2009 (fqi oWrr are fc!i<.rr Tf'lIT vi) ~~~

Sales returns

Purchase returns Carriage and Freight Wages

Factory rent

Salaries

Postage

Telephone Charges Rates and Taxes Insurance

Sundry Debtors

Sundry Creditors

Land and Buildings Plant.and Machinery Cash and Bank Balance Goodwill

Capital

Stationery

Bills Payable

Bills Receivables

Total :-

Adjustments :-

~ Closing Stock

ii) Provide Depreciation on Plant and Machinery iii) Stock of Stationery

iv) Postal Stamps onhand

v) Insurance was paid up to 30th Sept. 09 vi) Provision for Income-Tax

----- ~ -----

--ENI)~

. 59

2,100 5,880 12,000 8,000 15,00Q 500 9,000 11,500 3,720 11,830

50,300 1,50,000

12,200 28,000

5,000

30,000

1,200

8;000

1,70,000 27,000

23,470 _

7,28,500 7,28,500

Rs. 58,000 @12% 300 80

30,000

AL -26

300 80

({til ~ 1l{G ~ I q tRta,u fcl~lt:e 3ellJn ctT 3lfT.:r3'lIqGI~ ASSOCIATESHIP EXAMINATION

FIRE HAZARDS OF SPECIFIC INDUSTRIES

"ffmf : 3 1it ] ~ atcn : 100


~ anom~~~ I V~'Wof~ 16 atcn~~~~~tl ar.~n:r4hr~ 'Wof 12 atcn ~ ~ I


~,2009

NOVEMBER,2009

AG-Sl

1. Explain the hazards associated with :_

a) Rubber Industry

b) Ginning and Pressing Process

c) Jute Press

d) Chemical Process.

4 each

1. ~klR1ltl\1~¥.~~~~: 31) ~m

ar) ~w.rrm~ ~) ¥~ ~)~~

Marks (m in 4 3lq;)

2. ~klR1R911 ctt ~ ~ :

a:r) ~'J\1~llf{JI m -q ~ ~ I ar) ~~-q~~CfiT~ I

2. Describe the following.-

a) The Process covered under engineering industry.

b) Hazard of static electricity in Rubber Mills.

6 each

19

20

2 AG -51

(m if; 4 atcn)

3. T.Jflf ~ ~ ~···frlYR1R911 mT -q ~ 31fT.:r ~ <tt a:rr&:IT ~ :_

31) ~m

Gf) ~~m ~) mm

3. Explain fire hazards involved in the following sections ofTea Manufacturing 4 each Industries -

a) Withering Section

b) Drying/Firing section

c) Packing Section

(m if; 6 atcn) 4. 31) ~ ~ -q ~ oR 11\ ~ ~ qffi fcn;tf (ft;r lrcIiR ~

Ch~CfiHi CfiT ~ ~ afu: m if tc::r ~ qffi ~ <tt ~

~I

Gf) M ~ m -q ~ ~ R1fcR:tCfiI~:g lh=IT ~ ~ ~ m .. ~m~q;)fl}": ~.~ I

4. a) Mention any three types of Chemicals normally used in the Chemical 6 each Industries and identify the hazards arising from each one.

b) Give any six examples ofloss control measures for storage of compressed and Liquified Gases in a Chemical Industry.

5. 2CRi21~fl m if Cfitfffi <tt TfioT coT ~ ~ ~ ~ ~ OCP <tt ~ <tt 12 ~~I

5. Enumerate the processes in textile Industry from cotton bales opening to 12

finished product.

6. 31) E;J~~ilCfi"sf'1 ~ -q '~~' ~ m q:llf ~ ~ ? 4

Gf) ~1~*lCfilaf'1 ~ ~ ~ ~ ~ -q ~ ~ ;:i.'111&i"ICfi{OI ~ 8 ~<tt~afu:~amc:~~~~~~<tt ~~I

6. a) b)

What do you mean by 'Blow down' in hydrocarbon processing? Mention the steps to be followed for the site preparation and layout planning of different sections of hydrocarbon processing units for hazards minimization.

4 8

3

AG-51

7. ~?I~~lCfilcsf'1 ~ W ~ ~ ~ (f?ff ~ ~ -q ~ ~ ~ 12

'~CfiT~~1

7. State the precautions to be taken in the bulk tankages and tank farms of 12

the hydrocarbon processing plant.

12

8. State the principal products obtained by Distillation of Crude Oil. . 12

9. ~~ffi~~-~~~~CfiT~~~~~ 12

-q «ITt; ~ qffi ajiW=lCfiIt) m c€r -:q:qf ~ I

9. Describe the hazards associated with testing ofIntemal combustion Engine 12

and the preventive measures to be taken in those situations.

10. CfiTll)lf ~ -q ~ 'l1ffi ~ ~ ~ ~ anr.=r (f?ff ~ ~m ~ m . 12 f.1crRuT. m CfiT quf;j- ~ I

10. Describe Fire and explosion hazards and loss prevention measures 12

associated with storage of raw materials in paper mills.

----- ~ -----

----- END ---

21

2. ~ if; ~ 1) ~: OIl\NICffH cfit ~'qrq.:{l cfit ~ if; ~ fcn.f ~ ~ cfit ~ \l!RT _ I

12

QOfil ~ I Q\G ~ I q trtta.u fi I q 1;:(;1 3lft.:r 3't I q d\ I ~


GENERAL FIRE HAZARDS

~ : 3 "Eft ] [~ atcn: 100


~ me vv.if iii ~~ I v?nt ~ iii 16 atcn t= ~ ~ 3lf.rcmf ~ t I 3RrN~~ 12 atcnilit= I


AG-S2


Marks 16

1. Which are the originating or inception hazards and contributory hazards?

16

2. What are the precautionary measures required to reduce spontaneous combustion of coal stacks?

12

, (~it 4 3lco)

3. 31) ~ 1) '~ ~ fq:;f.'l~ill' ~ it 3lfl1 C!<lT ~ ~ ?

Gf) Ut Rrr cfit ~ it ¥. ~ it ~ if; ~ ~ ~ qffi ~H?'\'<Ol'i?f <ijil ICfCflI{l ~ CfiT fcrcRUT ~ I

Cfl) '$fl~Cfl awf; ~' ~ it ¥. 31fT.:r ~ il~ ~ ~ if; fW) ~ ~ qffi cilillCfCflI{l ~ CfiT fcrcRuT ~ I

3. a) What do you mean by 'Cleaning and Finishing Processes' in 4 each Industries?

b) Detail out the important preventive measures to be taken to deal with the hazards associated with the process of spray painting.

c) Enumerate the fire hazards and their preventive measures in 'Electric Arc Welding' Processes.

22

7. 31) a:rtR ~ -q f.II:'"I R1R9i1 q;r 3l2f Wi~ I~ Q :i) '~7h1

ii) ~ ~ cftcm

iii) ~ IWffiT

2 AG-52

(m~43tqj)

4. f.ls:rtR1R9i1 ri ~ ~ ~, ~ ~ ~ ~ -q ~ coT ~ m 'f.R.1 ~ ~:-

31) ~3lm'

(if) m~~ ~) ~

4. Explain the following factors which may increase or reduce hazards in 4 each various Industrial Premises:

a) Layout

b) Loss Prevention Programme

c) Supervision

5. 31) ~~Cb't ~it a:rrqcp;rrwrWt~? (m~4 3tqj)

(if) ~~nmomm-q~¥~~waa:I~{ol_ I

~) 'l§f~~-qttiUU1R, ~-q~ jlcthft~i1I it~ ~~~ ~ q;rorr ~ ~ ~ ~ coT~ ~ ~ cp;rr ~ oem: ~ t ?

5. a) Express your understanding on the phenomenon of Static Electricity. 4 each . b) Give two examples of Static Electricity and its associated hazards in

Industries. .

c) What measures are to be taken to eliminate the hazards arising out of generation of static charges on the particles in dust clouds by their movements in air?

6. State the importance of good management and housekeeping In Fire 12

Insurance.

23

3 AG -52

(mt3 atcfi)

Gf) f.lkJff1ftgo ~ CfiRUT wR crrffi 3WT rtt U<.n~ ~ ~ awr cp:f'f ~ ~rtt~~?

i) t1lq{qltftlZjqi-~ ~ CfW1T

ii) . ~ fc«RuT ~ rtt ~ >fllll'ffi rtt ~ of¥r ii21T {@{@q

7. a) Give, in your own words, the meaning of the following:o ~aturalGas

iI) Perfect Party Wall

iii) Cubical Capacity

b) What precautions would you suggestto control fires caused by : 3 each

o Careless/Surreptitious smoking

iI) Poor earthing and maintenance of wiring system of electricity distribution lines.

2 each

8. Enumerate the types of Fire Extinguisher and their functions. 12

9. ~m if ~ ~ cp:f'f CfiRUT ~ ~ ii21T m f.lqwrr.~ ~.~ ~ 12

~rtt~~.1 .

9. What are the causes ofBoilerlFumace explosion and narrate the steps to be 12

followed for the loss prevention?

10. ~(ft;r'R~ QcqfOllli~: ~) ~($~~{2~)

Gf) ~~iflIlH

~) ~~

c::) mcnr~

c::) ~'i'2f~

24

10. Write short notes on (Any three ):-

a) Incinerators

b) Lubrication

c) Gas Turbine

d) Anatomy of Loss

e) North Light

4

AG -52 4 each

----~ ----

------ END ------

25

1. a) Give reasons for the grant of Fire Declaration policy. b) Give an outline of how this policy operates.

4 12


AG-S4

~, ~1l{G~1 q Wa:rr 3lfT.:rmm~

ASSOCIATESHIJ> EXAMINATION FIRE INSURANCE UNDER'VRITING

~ : 3 "eii ] [¥f 3fcn : 100

Time; 3 Hours] [Total Marks: 100 .

fcfi;tf 3lTO m ~"3ffit ~ 1 V?:rTf lJv.f~. 16 3fcn ~ ~ ~ ~ ';ftJ' %1 ~~m~lJv.f 12 3fcn~~ 1

Answer EIGHT questions only. Question ONE carries 16 marks but this is not compulsory. AlI other questions carry 12 marks each.

Marks

1. 31) 31fT.:T~~~~~CfiRUTfCj)f~~ I 4

~) ~-q'ffffifi~~<fit~~~ I 12

2. ~ wf ~ ~ # ~ ~ <Tit 31fT.:T ffwuTI <fit 1J&1 fcIitlifillaif 12

Cj)f quf;, ~ I

2. Broadly describe the fire covers which are included in the Industrial AlI 12

Risk Policy.

(m~·63lq;)

3. 31) 31fT.:T ofrrr ~ ~~~: «~~" Cj)f ~ ~ I ~) m~m2t1R~~cp.:ff<mfczr~~?

3. a) Mention any six "general exclusions" under Fire Insurance. 6 each

b). What are the. duties of Insured on happening of a loss?

4. 0 f.lki~rt.1I1 Cj)f <FIT ~ ~ ? ·Cm ~ 6 3lq;)

31) ~: tlJJI4I\Ji'""! ~

~) Wlffi tcn ~

26

2

AG-54 6 each

4. What is the purpose of

a) Escalation clause

b) Agreed Bank clause?

5. 31) 3W-ll<ft ~ ~ ~rttcfi8 iti cp:rr CfiRUT ~ ~ ? (~it 6 3lq;)

~) f.lkJ~Rg\1 ~ <fit ~ it 3W-ll<ft ~ tiffffi:ft iti ~ 3Fffi'p:r ~ a:ffi: ~ iti ~ <fit 1fURT ~ I

i) ~ uftr ~. 5 coU9

ii) ~ <fit ~. @ ~. 2.00 %0

iii) ~ ~ m (31furr 11TftrcFi~) ~. 3.5 coU9

5. a) What are the conditions for issuance of a floater Declaration Policy? 6 each

b) Calculate provisional premium & refund of premium under Floater Declaration policy with following Data

o S.1. Rs. 5 crores

ii) Rates of premium @Rs. 2.00 %0

iii) AMD (Average Monthly Declarations) Rs. 3.5 crores.

6. Define Reinsurance. What are the objects of Reinsurance? 12

7. Discuss the principles based on which fire premium rating is done. 12

8. f~;thfT;f 1f{ ~ R: tqfO Illi ~ I 31) ~

~) cfRuit

'f£) ~

q). ~~

27

3

8. Write short notes on any three of the followings»

a) Contribution

b) Warranty

c) Risk

d) Act of God perils.

AG -54 4 each

(~ it 6 3icf;) 9. 31) lfR<li a:rfT.1 0"2iT ~ ~ 1lffffift it atrfu ~ ~ 1ifuR"If-&

0cR:r ctlT ~ ~ M ~ ~ it CfiRUT tJftm it wr: ~ Cfit

~ it ~-om: ~ ~ it ~ "If cp;rr mll,fUT ~ ~ ?

~) Bi ~ it atrfu ~ ctlT ~ ~ I

9. a) What cover is provided under the standard fire and special perils 6 each policy in respect of Deterioration of Stocks in Cold Storage premises

due to accidental power failure consequent on damage at premises of

power static or due to an insured peril.

b) Mention the exclusion under this cover.

(~ it 6 3icf;)

10. 31) a:rfT.1 ~ itatPfu ~ -q fcnfT JrcfiR it rhctlld~,f1 ~ ~ ? ~) M~~ftTITt-q~~~it'3": 3((IMOI_1

10. a) b)

What types of discounts in premium are available under Fire policy? 6 each Give six examples for Risk improvement mentioned in any Risk Inspection Report.

----- ~ -----

----- END -:..._

28

~,2009

. NOVEMBER, 2009

~ftl ~ I QJ!~ I q 1:ftta:rr qRollq)· mR (3lfT.:r) ~

ASSOCIATESHIl) EXAMINATION CONSEQUENTIAL LOSS (FIRE) INSURANCE

~: 3 'Eit] ~atcn: 100


~ :mo~.~ ~~ I V~ '1Jv.1 ~ 16 aicti ~ ~ ~ ~ -;:rtf t I 3Rf~~'1Jv.112 atcn~~ I


AG-55

Marks (~ili8 3Tcti) 1. 31) ~ awm: lR ~ ~ JIGR ~ ~ ~ f.imft; ~ CfiT ~

~I ~

Gf) ~awm:lR~~~~CFIT~~?

1. a) State the conditions prescribed for granting Dual basis wages cover.S each b) What are the advantages of taking cover on wages on Dual basis?

2. Pl8R1ftH1 'Ilflffi if ~ awm: ~ lR ~ ~ <tt ~ <tt TflJRT 12

~:

~ urn ~. 24,00,000

~ 'ffi'I1 + ~ ~ ~. 30;00,000

l[Rqi~ ~~~cikR~ ~'&flf ~~wmUif~ qfl'i'fq; ~

;Oc::-~~cR

10;000.'2:'1 5,000 '2:'1 ~. 2,00,000 ~. 50,000 12,000 z;:r

29

2 AG-55

2. Work out the claim amount payable on output Basis specification in the following 12

case:-

Sum Insured

Net Profit + Standing charges Standard output

Output during Interruption period Additional expenditure

Savings in Insured Standing Charges Annual output

N.n :- Make suitable assumptions

Rs. 24,00,000 Rs. 30,00,000 10,000 tons 5,000 tons Rs. 2,00,000 Rs.50,000 12,000 tons

3. Explain the operative clause of Consequential Loss (Fire) Insurance Policy. 12

..

4. m.~. ~ ~ atrfu affi1q m ~ ~ ~ Wflf, f.lklR1R911 -«

~~q,'tlRf~t ? 31) oft1iT \Iftr

~) ~lfWOT

~) lfRCf) c.:f~

<::) ~c.:f~

7:1) ~ ~ ~ ~ c.:f~

\) cnrf q,'t ~ ~ ffi1Tn

4. In preparation offinal loss assessment under CL policy, what purpose is served 2 each by the following..

a) SUl11 insured

b) Gross profit

c) Standard turnover

d) Annual turnover

e) Turnover during Indemnity Period

t) Increased cost of working

30

12

3 AG -55

5. m~~~~lRM~~cwnCliT~~ I 12

5. Mention the functions of the Surveyor on receipt of assignment for loss 12

assessment.

6. ~ ~ fcn trftuwft mf:r (anr.:r) 1:J'ffffifi ~ ~ ~ ~ G;\ CliT 12

~ ~ ~ ~ '~' ~ (F.lT '31<Wqcp' ~ lR fcR:r );[Cfif{ fcRm:

M~~I

6. Explain how 'inception' hazard and 'interruption' hazard are taken into account 12

in arriving at the rate of premium under Consequential loss (fire) policy.

7. f,iyRlR9d -q ~ ~ ~ lR ~ R:cqfOllli ~ : 31) ffi9T ~ ~ 1:fl'm mu

~) ;p:rr 0I:J"CRW.f mu

tI) alR ~ 'lfTill'1

<::) Cfilll ~ (F.lT ~ :!~

7. Write short notes on any three :-

a) Auditors fees clause

b) New Business clause,

c) On Account payment

d) Layoff & Retrencluncnt compensation

4 each

8. What are the underwriting considerations on consequential loss (Fire) Insurance? 12

9. Discuss condition of Average applicable to C/L insurance giving suitable 12

example.

31

32

4 AG~5

10. f<t;:r ~ -q'~ '1-00' ~;f; fffi!: ~ ~ irft? 12

10. What are the circumstances whenthe 'Departmental Clause' will be useful to 12

the insured?

----- ~-----

-END-

2. 0 How will the claim payable work out for the following data?

8

~,2009 NOYEMBER,2009

AG-56

~~Il(G~lq lRta:rr arlJ;r~~


FIR}: INSURANCE CLAIMS

w:rc:r : 3 t:it ] ["¥f atcn : 100


~3lTO~~~~ I V2l"lf1J8~ 16 atcn~~~~~~ 13P.f

~~1J8 12 atcn~~ I

AnswerEI GIlT questions only. Question ONE carries 16 marks but this is not compulsory. All other questions carry 12 marks each.

1. 31fT.:r ~ ~aTI -q{ ~ '~ ~' q:<.ff ~ ? ~ ~ ~ -q{ ~ Mark1s6 fl"tqufi~ I

1. What are 'Implied Conditions' applicable to Fire Insurance Contracts':' Write 16

short note on each one of them.

2. i) PlyRiR90 ~ ~ 3TI'trn: -q{ am ~ ~ cfit TfURT ~ ~ ~ ? 8
~ aftm~ mf.f~~WQfuCfiT~ ~qft~
WQfu ~. ~. ~.
'liCR" 25,00,000 30,00,000 12,00,000
If&.rtt. 10,00,000 12,00,000 6,00,000
tifcfi 10,00,000 3,00,000 2,00,000
~:- 45,00,000 45,00,000 20,00,000
ii) ~ ~ 'R ~ Jh'l'CCl'!uy ~ ~ q;r ~ ~ ~ ~ 4
0I.lT&lT a:rH ~. -q ~ :- Property Sum Insured Value at the time of loss

Covered

Building Machinery Stock Total:

(Rs.) 25,00,000 10,00,000 10,00,000 45,00,000

(Rs.) 30,00,000 12,00,000 3,00,000 45,00,000

Amount of loss (Rs.)

12,00,000 6,00,000 2,00,000 20,00,000

it) Name & state in your 0\VIl words important policy condition applicable 4

for the above example.

33

4. State the importance of:

a) Warranties

b) Waiver & Estobbel

c) Onus of Proof

4 each

2 AG-56

3. F:~ ~ ~ ~ ~ a:hPfu ~ W&fOT (f~ "ffN q:;l ~ 12

~I

3. Explain the cover and benefit available under Reinstatement value clause policy. 12

4. f.lyR1fuj(j q)f ~ ~ ~ : 31) qf;lfO2 lli

tif) ~~~

~) JPlT1lT q)f ~

5. ~ qft ~ ~ ~ 1R ~ fcr!:rrrr IDU ~ ~ "Cfffi ~ q:;l ~ 12

·~I .

5. Explain the steps to be taken by claims Dept on receipt of claim intimation. 12
6. ~ ~ (f~ 3ilfiCflql~ ~ ~ <tt ~3iT <tt ~ ~ I 12
6. Describe the terrorism cover and limits of'lnsurance for Terrorism. 12
7. 31fT;r ~ ~ <tt lj&1 ~3iT <tt ~ ~ ~ 01:fI"&lT ~ I 12
7. Broadly outline the salient features of a Fire Declaration Policy. 12 8. 31) ~ <tt ~ 1R '~' ~ q)f <FIT JrI1Tif mnr ~? (~~ 6~)

tif) 31fT;r ~ @;rc:J3iT -q 'wnur q)f GffiRq' q)f ~ ~ JrcfiR ffill mnr

~I

8. a) What is the effect of' limitation' condition on the liability of the Insurer? 6 each

b) How is the principle of 'Onus of proof' applicable in fire insurance contracts?

I 34

3

9. mf.tiff.~~~iff~~·~~· I

AG -56 12

9. Describe the duties ofSurveyor for assessment ofloss.

12

12

10. "Extent of indemnity is subject to various limitations." Explain.

12

----- ~ -----

-END-

35

~~Il(c!~lq ~ 31fT;r 3ltt q ~ijll41 ~ ~ ASSOCIATESIIII' }:XAMINATION

FIRE & CONSEQUENTIAL LOSS INSURANCE

~:3eiiJ IWR:W.n: 100

Time: 3 Hours] ITotal Marks: 100

fcn;:tT 3lTO ~ il1 mrt ~ I 112Tl1 TJv.f il1 16 :W.n ~ ~ ~ 3TRcm:f ~ t I aR. ~ ~ TJv.f 12 atcn il1 ~ I

Answer EIGHT questions only. Question ON .. : carries 16 marks but this is not compulsory. All other questions carry .12 marks each.

. Marks

1. v:cn artT.=f ~ ~ ~ ~ aWhr f.lhiR1ft;t\1 ~ -q ~ \lfR 16 ..

~ ~ cfit lJURf ~ :

~um ~.4~


~

111fuq; mqUII~ -

~. 2.00 Jffit ~ ~

~ ~ l1f4 aum ~ \lff ~

3l1ffif

~

~ ~

~

-;:{R: :- ~ W:fi\UT -q ~ ~ <it ~ ~ I

36

AG-S7

'tIhnm (~~.q)

85 440

o 70 100 cnW~~ cnW~~ 200 150 215 450 300

12

2

AG -57

I. Work out refund Premium under a Fire Stock Declaration Policy in the following 16 .

case.-

Sum Insured Rate

Monthly Declarations

Rs.4crores Rs.2.OO per mile. . Month

DeClaration (Rs in lakhs) 85 440 o 70 100 No Declaration No Declaration 200 150 215 450 300

Jan Feb March April May June July Aug Sept Oct Nov Dec

. N'~7Jgnore Service charges in this casco

2. State contributory hazards of Fire arising out of 'Construction of Buildings"? 12

3. Discuss the contents of'opcrative clause of Fire Policy.

12

4. PiyR1R9(j t:R ~ QcqfUllli ~ : 31) ~~ott~

~) ~.c;f~

~) lfRCfi c;f~

(~i:Fi43Fti)

4. Write short Notes on:-

a) Rate of Gross profit

b) Annual Turnover

c) Standard Turnover

4 each

37

3

AG -57 (m~63tcn)

5. f.:lhiR1R9dm q;) fcffim: ~ '84$l1~q: : 31) 4~=c<:1'iul ~ cfit ~

~) ~cfit~

5. Explain in detail the following conditions

a) Material Alteration Condition .'

b) Arbitration Condition

6 each

6. RhiR1fu1i1 fcrcRuif ~ '~'I:Z; ~~' (G.1:) cfit lJ"URT ~ ~ ~ .12

loono it W2T 'm~' ~ .qr G.1: cfit lJ"URT ~ I

~ f.Jc:K;r Jftfl'r:rq (TIT{ mc1 cfit ~) ~. 55 "ffi@

~ ~ ( 4 ~) ~. 4.35 "ffi@

~ ~ m (4 ~ cfit31Clttr) ~. 1.18 "ffi@

<ifr:rr urn . ~. 55 ~

6. Calculate Pure Burning cost (Rate) with following details & also calculate the 12

rate tor 'cover" with a factor 100/70. .

Gross Net Premium (4 years period) Intimated claims (4 yrs) .

Incurred claims Losses (4 years period) Sum Insured

Rs. 55 Lacks Rs. 4.35 Lacks Rs. 1.1 R Lacks Rs. 55 crores

(m~63tcn)

7. 31) ~RcwuTcfit~~~q;)~m8it~~~: ~~ I iii) ~~ q.cfit fcItP"lQ*1-q cp:ff ~~~?

7 . a) Give any six suggestions in respect 0 f improvement of risk from the view 6 each point ofloss prevention.

b) What are the contents of an Acceptance cum Receipt

8. RhiR1R9i1lR ~ R:cqfiJllii ~: 31) ~~

~) ~: >I\NIQ~H

"ff) dq41rll1l~

(m~4 3lcfi)

12

4

AG -57 4 each

8. Write short Notes on followings:-

a) Silent Risk

b) Spontaneous combustion

c) Utilities

9. Mention the Salient features ofIndian Fire Reinsurance. Program.

12

10. Enumerate various add-on perils available under a Fire Policy. 12

----- ~ -----

------ END ------

~,2009 NOVEMBER, 2009

AG-61

~l~'Q\G~lq 'Qft~ CfiT1TImR" ~

ASSOCIATESHIP EXAMINATION CARGO LOSS PREVENTION

~ : 3 -e:R: ] ~ 3tcn : 100


~ 3llO m ~ ~ ~ I 1J~ 1JH ~ 16 3tcn t' ~ ~ 3lf.rcrrcf ~ t I ~-w4t~1JH 12 3tcn~t' I

Answer EIGHT questions only. Question ONEcarries 16 marks but this is not compulsory. All other questions carry 12 marks each.

Marks

1. 'Q!.f) ~ JlWli col i5!Rt ~~ ~ 31fCRUT it· ~ cil2'"ltlTct CfiRTiT it 16

wmm:~~~~~col~~3TI'l~~<tt~

~?

1. With a view to improving the deteriorating claims experience on containerised 16

cargo under an Open Cover issued to a valued client, what measures would

you recommend?

2. ~lO'iR1R1ct it <;fiRUT.~ : (~~2 3lq;)

<li) 'Iffi ili j{t\(i.jICfl~OI ~ col ~ilicitur* OI'hi'''IIT.l d'2lT ~ citur it ~

-q ~O'fim~ -;ftit~~ I

~) funqmmt col-BmR ili fW(M -q ~ ~ .. ~ qffi ~ ili ~·ciT·~"tt ~CfiBf_ I

Tf) Bit it f.:J<p:jf it ~, ~ ~fcfi ~ 1R 'Iffi "fIfcU~, ~ col 3l1:RT.~, ~ ~.t[\ ~ 'Cfl\ rn;rr _ I

tT) ~ it ~ Brn 'fih: 1R ;r ill ~. <fiT 'Iffi ~ • 3lh:;r m ~ 'Cfffit ~<fiT I

"f) ~ ~f1:m1 ~ <fiT CfiT1l ~ ~"tt fc8;rr \JfRT~. i ~) ~.~ilim~~colftmq<fiT~mm·~ I

40

6. Describe what precautions would yoh suggest in following cases:

a) Stacking of bagged cargo

b) Load arrangement on vehicles.

41

6 each

2

AG -61

2. Give reasons for the following: 2 each

a) The centre of gravity of the load shall be placed evenly between the sling's angle and as low as possible within that angle.

b) Sawdust which is used in packages to absorb leakage/drainage should be

used with care.

c) Railway rules require that before a wagon is loaded, consignor should

stack the consignment on the loading platform.

d) The bilge should never bear the weight of the barrel itself or of the tier

above. .

e) Destacking/unstowing should always be done from the top.

t) Liquid cargoes in air transit are subject to leakage hazard.

3 .. ~ 31ffi; W ~ m"QJfG, 1925 ~~ ~ ~ ~ ctt ~ 12

~~qlf{4i cp.rr ~ ?

3. What are the basic responsibilities of the ocean carrier under Carriage of Goods 12

by Sea Act 1925?

4. f.:IR~f@i1 cnT f.r:if:to ~ qffi CflP1 ~ ~ ~ ~ cp.rr ~:- (m~6 attn)

on) 'CfiRlIT cnT ~ m n2lT ~ ~ -q ~ Cfif m I

~) ~~Cfifm?

4. What are the safe working practices governing: 6 each

a) the use of slings in hoisting and lowering cargo?

b) the use of mobile cranes?

5. Explain the liability of the Port Trust under the Major Port Trust Act, 1963. 12

6. ~_ fcIi PlR~f@i1 ~ -q 31Ttf fc!i;T ~ ctt ~ ~ :

'i.fl) ~ ~ lffi1 ~ ~ WTRT (m ~ 6 attn)

~) ~lR'IlR~

3 AG -61

(~~6a:fq;)

7. Cfi) rq«]l<crcfctl ~ fcli ~ 1:f\ CfiR1IT CfiQi' - CfiQi' ~ tit tit \jfffif ~ I

~) CfiR1IT-~ ~ %T - ~ en) ~ 1:f\ ~ \lfR fi Wrrm cn't ~~I

7. a) Describe cargo movements at ports 6 each

b) Outline the services provided for the cargo owners and shipowners at ports.

8. Cfi) .m~~~wrR"B~~~cp;ff~? (~~6afcn) ~) CfTTlR if ~ CfiR1IT ~ ffiQ: ~ mtm ~ cp;ff ~ ?

8. a) What are the basic precautions for stacking of gas cylinders? b) What are air cargo environment hazards in the aircraft? .

6 each

9. ""fi1ruf 1lWrr <.fiT "?ftlili1I'icfcfi ~ 1:f\ foRT ~ ~ ~ M ~ <.fiT 12 ~ ~ mm ~1"lTIZ oR 1:f\ qf ~ .. ~ ~ IDU ~ 311H

~ cn't fi if ~ oR 1:f\ l:r~~lTTtm' ~ ~ I

9. "Prompt undamaged arrival of complete shipment at destination is the primary 12

objective of the shipper."

Suggestbroadly the measures by which the shipper can be instrumental in realising his objective.

10. ~~fflrtM 1:f\ ~ flu10it ~ :_ Cfi) ~ oM (~) ~

~) %T1:f\~ 'T)~a:iR~~

10. Write short notes on the following :_

a) Fibreboard (carton) packing

b) LASH (Lighter Aboard Ship)

c) RO - RO (ROil on, Roll off)

4 each

----- ~ -----

-END-

42.

2.

What are the major currents of the Atlantic Ocean and what effect do they have on shipping?

12

~,2009 NOVEMBER, 2009

Q\W (WI Q3! (W I q -qit~ cllrol~Ch~ ASSOCIATESHIl) EXAMINATION COMMERCIAL GEOGRAPHY

~ I 3 rft ] ["¥T 3tcn : 100


~ 3l1O ~ ~ ~ ~ I 1J?l11 'tJF $ 16 3tcn ~ ~ <:!fi '3'ff.rcm;f ~t I ~ ~~:fhrf~cn 'tJF 12 3tcn $ ~ I


AG-62

1.

"coW ~ W ~ ~ ;@ ~ ~ lffil W!R mq;:r m afu ~ m ~ coW ~ ~ ~ ~ awq-~ m r" ~ en2H ~ ~ if 3l'*1d~1l cxwrn: ~ 3lT'Im 'qiT

0lTT'&l1 oR I

Marks 16

1.

"No two countries have exactly the same resources, nor indeed is anyone country self-sufficient." In the light of this statement explain the basis of international trade.

16

,2.

3l2f1ifl<:f) i1~lftlll'l qiT ~ ~ Cflt.:lm ~ o?Tf ~ 'If{ ~ cp:rr):['lW.f ~~?

12

3. en) ~-'l1RJ~~mit~? (~it63fcn)

~} 'I1RffqiT~~6000fct.1fr. ~t m~<®~~;@

~~ cpn ''C.fiRUT ~?

3. a) How are tides caused? 6 each

b) India has a coastline of nearly 6,000 Km., yet it does not have many ports. What are the reasons?

43

2 AG -62

4. ~nm \lCl1<'11~Rs!41 it~ itcp:ff CflRUf Qffi~? ~ ChT.r~ ~~ ~~ 12

~ Si~lfCl4~41 it 31R"tttf'llfCRT~ ~ ~~?

5. RyR1Rs!i1 it ~ CflRUf ~ :- (~if; J 3lq;)

en) ~it~CflT'l~~~ I

<9"} wf"tt ¥AT if ~ CflT ~ J;r'I1TCf TAT ~ ~ mor ~, <ruf1t ~ "tt

¥RTifwf~~~ I .

'T) 3H:Hff&: II ft.:rtCfl ~ Chllffi Cfif.t qrill Chl nrtT& -31rT .~ ~ ~ ~ ~ ~~~ctT~lffimWQTam:-qm~~~~~~~~ "tt~tIT\mWQT I

tI) ~ it i5C!!TtfR if 'Rf11T ~CflT 4~M'i.0f ~ ~ I

5. Give geographical reasons for the following: 3 each

a) Port of Gibraltor has strategic importance.

b) The moon has over twice the tidal effect of the sun even though the sun is much bigger than the moon.

c) Those crossing the International Date Line have to change the date forward if they are crossing from West to East and backwards if they are crossing from East to West.

d) Panama Canal has an important place in America's trade.

6. en) ~- ~ 'FIT ~ am: ~ 'FIT C:tiFf Qffi ~ ? (~ if; 6 3lq;)

<9") ~ fc!i"~ ~ it ~ (~Wlld[lJI)" .CflT ~ 'FIT ~ ?

6. a) What is a Bill of Lading and what are its functions? 6 each

b) Explain what is meant by "discounting a Bill of Exchange".

7. "'l"fRi1" if en- 1Jqffi" it ~ ~ - ~ (f~ -rftur" ~ <:fiR ~ ~ ~ ~ .lJ!.Ii 17

~ ~ Chl.Tftur ~ ~ 3ttPT cnm ~ ? 'l"fRi1" it ~ ~ (f~ fcn;tf ~Tftur~it·~~1

4. What are the causes of earthquakes and volcanic eruptions?

What are the locations most prone to these natural catastrophes?

44

12

3

AG-62

7. "There are two kinds of ports in India - major and minor" - What factors 12

distinguish a major port from a minor port? Name all the major and any

five minor portsofIndia.

8. "~~~~~~~~~~, ~-qftw.n.~·~~(C\tf .12

-q~~~~~m~~~~~~oq;lffi1Tctt

~ <nT ~ ~ ~ ~ I" ~"q)~ ctt"iXlT&lT ~ I

8. "Multimodal transport is the carriage of goods from the premises of the 12

consignor to those of the consignee, by more than one mode of transport

and under a single contract, evidenced by a single transport document."

Explain this statement.

10. Write short notes on the following:

a) Arbitration Act 1940

b) Free on Board terms of sale

c) Demise charter.

4 each

9. "~ ~ a:ra:f. inT ~ 02IT ~ ~ TITU·¢ffi ctt ~ 1'fftr ~alf ~ ~ ~ 12 q)RUT ~ ~ I" ~ "q)~ ctt "iXlT&IT ~ I

9. "The inclination of the earth's axis and 'its motion round the sun cause 12

change of seasons." Explain this statement.

10. f.P:'1fftf{gi1 'R ~ f21:qufi ~ : "q)) ~.~1940

~) ~ ctt ~ -q<fu f.l:~ ~ "If) ~~

--"--~ -----

--END--

45


Q\Bl ~I ({G ~I q 'tftt~ lftt;:r Ck1 T ~ \if


MARINE CLAUSES

~: 3 eii] [~i'~ atcn: 100


f&Mff3lTOm~~~.I1J~~~ 16 atcn~~~~~i I ~~~~ 12 atcn~~ I


AG-63

Marks

(~~4 3tcP)

1. PtyR1ft.Fl ~ -q ~ft!qG ~ ~ it atPfu "~" ~ tB

f.rw~:

Cll) 1ffiTl1f.1 it ~ ~

~) ~~'R111'C1ctt~it~~~-q~ Tf) (s~hIlCfl(1fcliT mf.i/amt ctt ~ ~ -q ~ I

'tf) ~ QTf.i 'CflT ~ "CflRUT ~ m ~ ~ 3lJ"'Cf<\T ~ CflRUT ~3TI m ?

46

1. How will "delay" be treated under Institute Cargo Clauses in the following 4 each circumstances:

a) Delay in course of transit

b) Delay in taking delivery after discharge of goods at destination port

c) Delay in notifying loss/damage to insurer

d) When proximate cause of loss is delay which is caused by an insured peril?

(~~6 3tcP)

2. 31fClitr~itCflRUT~~~~~·~mM~~

~ 'R ~ m ~ ~ om ~ 111'C1 ctt~, ~ afu: F: 31mffiUT'R ~ mit ~ I Wl$H~~ fcn P!klR1R9\1 ~ atPfu ~ ri ~ tB f.rw ~ :

Cll) ~ft!qG CfiR'liT ~ (~), ('~) om (~)

~) ~ft!qG ern: ~ (~) ij~ ~ft!qG ~ ~ (~) ?

2

AG-63

2. An insured transit is frustrated at a port or place short of destination asa 6 each result of the operation of risks covered, and expenses are incurred in unloading, storing and reforwarding the insured goods to destination.

Explain how these expenses will be treated under -

a) Institute Cargo Clauses (A), (B) and (C)

b) Institute War Clauses (Cargo) and Institute Strikes Clauses (Cargo)?

3. ~reqG~~-~I.IO.83~~cft~mf~1~r~nffft~f~r~~ 12

~ ~a:ncRUT~: m ~ m mill ~ ?

4. "l"% ~ ~. Wl" ~ "ij f.'lyft1f{g(J cfit "&fR9I1T ~ : co) ~Wlffi

~) ~ ~ "ffiR Wlffi

If) ~mf.f

3. Under Institute Time Clauses - Hulls 1.10.83 what are the various 12

circumstances under which cover can terminate automatically?

4. Briefly explain with an example, the following: 4 each

a) Salvage Charges

b) Sue and Labour Charges.

c) Salvage Loss

5. 3"tHl~:tftll ~ (~/~) ~ '-q:', '~' ~ 'm' ~ aiwfu 31fCRUT ~ 12

~~~~~itill·~ ?

5. When does the risk attach and terminate under Inland Transit (Rail/Road) 12

Clauses 'A', 'B' and 'C'?

6. ~.~-~"~ iiftlfT -qffffi:ft ~ aTIPfu ~ .. ~ ~.~ cor 12

quf;r~ I

6. Describe the risks covered and exclusions under Marine-cum-Erection 12

Insurance Policy.

47

3 AG -63

7. M ij2IT ~ m ~ oWn ~ fcrtr.T-~ ~ ~ ~a:IT 11\ ~ ~ Tfirt 12

~I

12

7. Briefly discuss the clauses concerning the Scope of Cover for insurance of Diamonds and Precious Stones.

12

8. $fkqc~~k 1.IO.83~~~~~~ij2IT~~ ~~~~1fURT~~~~ ?

12

8. Under Institute Time Clauses - Freight 1.10.83 how is indemnity for total and for partial loss of freight calculated?

9. $fkqc ~ ~ ~ 1.12.83 ~ ~ ~ ~ m-r ~ GflR1TI Cffi1T ~ tcR ~ ~ ~ m-r ~ 31ICflffi:!Cfl ~ <tiT ftrCflR it ~ ~ I ~ f<t Cfl1-ft ~ ~'Cfll ~ ft4Ill1f\i!\1 M ~ ?

12

12

9. A tanker with cargo of crude oil insured under Institute Bulk Oil Clauses 1.12.83 is involved in an accidental spill while discharging. Explain how the claim for shortage will be adjusted?

(~~4 al<n)

10. f.!YRlR3\111\ ~ fZuruft ~: q) $fkqc ~3Wf (~) ~<it:J:~H ~

~) $fkqc R~ftifc (~) ~

1T) $ff?:qc GflR1TI ~ <tiT 3f.\ "flt-~/~Hfthc~~ (~{\1'lOI411l1\111 3ljqg<:k1\1I) ~ ~ I

10. Write short notes on the following:

a) Institute Dual Valuation Clause

b) Institute Replacement Clause

c) Unseaworthiness/Unfitness Exclusion Clause of Institute Cargo Clauses.

4 each

-----~ -----

------ END -----

48

Qf" ~ Il(l ~ I q -q-tfa_n lfft;r "itm 3tcfM

ASSOCIATESHIP KXAMINATION MARINI~ UNDERWRITING

tn=rn : 3 eft ] l~ 3fcn : 100

Time: 3 Hours J [Total Marks: 100

~ 3ITO m a:; '3"ffi"{ ~ I 1]2:(11'~ a:; 16 atcn ~ taRi ~ atRcmf~ i I

. 3pn:r~~ ~ 12 atcn a:; ~ I

Answer EIGHT questions only. Question ONE carries 16 marks bqt this is not compulsory. All other questions carry 12 marks each. .


AG-65

Marks

1. M llfR 'CflR1it ~ q;r ~ enG ~ ~ ~ fffQ: 31f!l' fch;r ~ cit 16

~~~liR11?

1. What facts would you consider as material and important to an underwriter 16

assessing a marine cargo risk?

2. What are the main factors which help determine the rate for hull insurance? 12

3. What are the requirements of seaworthiness in relation to insurance of 12

cargo and hulls?

(m~6 3tcfi) 4. q;) ~fkqG em ~ (~) it; ~ 3lJCR1lTcn't ~it;mPf~ If

'*1ql~o <tim: it; ~ om JMTCf cn't CilIT&IT ~ I

<9") ~~. ~ qffi ~ cn't ~-a:{co;:r ~ f21:tl~ol~ cp;JI ~ ?

4. a) Explain the purpose and effect of the Waterborne Agreement with 6 each particular reference to the Duration of cover under Institute War Clauses

(Cargo).

b) What are the underwriting features of crude oil tankers? 49 ;

2 AG -65

5. '~ ~ a:iICflffJ:iCfldl ~' ~ wu cxwm: <tt ~ ~aif CfiT 'iClfj'iH 12 fcn<n .~ ~ (MT ~ ~ frr'qcr ~ ~ ?

5. What trading problems are anticipated by "Sellers" Interest Contingency 12

Insurance" and how are these dealt with?

\

(m~43lcn)

6. frIi1iR1R9d Cli'l\1iT <tt ~ w.n ~ m/affil'm <tt 'ff~ CfiT CfUH, ~: ~ <iffif 'q\ ~ ~ ~ <i{ fcn ~ ~ ~!?lqdl~ ~ ~-~ ~ ~ cn1 ~ ~ CR wmfi~, ~ ~·ctlW ~ aw:rco1 ~ ~ W fcn<n ~ ? Cfi) ~ lffi1"

'&) 'Cf)1ffi1

1f) ~~G:R

6. Describe the nature of the following cargo and its susceptibility to loss/ 4 each damage with particular emphasis on how these various features might influence your underwriting judgment, if such a risk were to be offered to

you for insurance»

a) Canned goods

b) Cotton

c) Coffee beans

7. Explain the effect of the "Notice of Claim and Tenders" Clause on hull claims 12

costs.

8. frIi1iR1R9d ~ anq CF-lT ~ ~ ?

Cfi) ~.~ '&)~~

1f) ~~

~) itlR~~~

50

10. Write short notes on :-

a) Deferred Repairs

b) Re-instatement under Annual policies

c) Deck Cargo

d) Lyods'SurveyHandbook .

. 3each

3

AG-65 3 each

8. What do you understand by :-

a) Label Clause

b) Pickings Clause

c) Garbling Clause

d) Pair and set clause

9. m -q Wl~I~~ :- (~t6 alc!i)

Cii) a;~I~\i"ft ~

~) ~ ~ cit ~ ~ ~ ft;ro: tfltHoqlffl4f/T.lltcCfil'1f aU IDU aero: \lIH~~ I

9. Explain briefly:- 6 each

a) . Documentary frauds

b) Steps to be taken by ship owners/Charterers to control maritime frauds.

10. Pt"'1ff1RS1I'1 'tR ~ ~ ~ :Cii) ~ €11Tai1'1 1WIrn'

l§') qrfifcn qTfflRi4f ~ atrfo. y.f:~

'1) "~ ~)~~~

... -.~ .....

_ •••• END ----.

51

~,2009 NOVEMBER, 2009

({ttl ~ I({c ~ I q wa:rr l1fr.:rmm~

ASSOCIATESHIJ> EXAMINATION MARINE INSUJ~NCE CLAIMS

"fIln:f: 3 eft] ~ ~: 100


~ 3lTO mr.=rr -&l6ffi"{ ~ I 1J2:flt 1Jv.1-&l16 3tq;- i' ~ ~ 3lf.rcrrd ~ % I sr=r ~m ~1Jv.112 3tq;- -&l i' I


AG-66

1. ~. m. m. oo ~ 1R ~ z;:r <tt TfioT <.fiT ~ W;ur fus;:fi ~ ~ ~ 1J<IT 21T I W;ur IT z;:r <tt 200 lJta .2ft ~ WfR ~ (f21T ~ <tt 2ft I ~ ~ "{C\. 1 5, 00, 000 ~ ~ ~3TI 21T I

fus;:fi it ~ <tt <n:IT ~ m ~ l1twr ~ CWUT ~ ~ it I 0 ~ ~~~I

~1R~~in:~ 10TfioT<.fiTCfjR 1 ,350fco. nr. ~(f21T"{C\. 50 Jrftffco. m. <tt en: it ~ ~ ~ fco ~ ~ IT"{C\. 1 10 Jrftf fco. m. ~I

~~CfCRf~'Tio<.fiTCfjR 1251%. nr. 21T~~1R 188 ~ TfioT <.fiT C0R 23,688 1%. m. ~3TI.

~ J;MR"{C\. 600 (f21T~a:ruT ~"{C\. 750 W 1

~ 1fi'fffifi ~ ~ ~ ~ ~ <tt 1]1TJ-;:rr ~ .1

1. A consignment of wool in bales was shipped from Sydney to Mumbai 16

and was insured on ICC (A) terms. The consignment consisted of 200

bales of wool, all of equal weight and value and insured for Rs. I 5,00,000.

During the voyage from Sydney to Mumbai, 10 bales were damaged by seawater following heavy weather.

On being sold at destination these 10 bales weighed-I.Sou Kgs. And realised Rs. 50 per Kg. as against Rs. 110 per Kg. if sound.

52

2. Explain the provisions of York-Antwerp Rules, 1974 regarding-

a) Substituted Expenses

b) Extinguishing fire on shipboard.

c) Contributory value of freight when the vessel is carrying cargo.

4 each

2

AG-66

When dispatched each bale weighed 125 Kg. but on arrival 188 bales sound weighed 23,688 Kgs.

Sale charges were Rs. 600 and Survey fees Rs. 750.

Work out the claim payable under the insurance policy.

. (m ~ 4 atcfi)

2. f.ll1iRiR9ii ~ ~ 11 ~-~ r.:P:lS:llq~"1 197 4 ~ ~ <tt 01:fr&:IT <i{ I . qj) ~"&[Cl'

"&) ~ 1:[\ a:rrrr ~

1T) ~ Cf)f ~ ~ \5W tffi:r lOffi'1 ~ '® ml

3. WJ"q 11 f.ll1iRtR9ii ~ <fiROT ~ : (m ~ 3 atcfi)

qj} ~ ~ -qffffifr l<"4ifchii -qffffifr ~ ~ I

<9") ~wmm~M~~ft;m:~~~~~fcn~ 'afiftrij ~-~ # a:rtH ~ Cf)f ~ <!lllOJlCfliif ~ -qa;r 11 Cfi\ ~ I

1T) ~ <tt ~ m Cf)f f.rtmuT 'Cflcl 'ffI"{7.f aft lOJ I Cfliif ~ qffi" 1:[\ ~ m "\Jfffi

~ fcn FcfiC1 ~ <tt WAf <tt ~, 312lfn M' ~ <tt C1iiMt ~ ~ I er) M ~ ~ l!mfI"R ~ affi1li ~.~ ~ Cf)f >rn1TCf~ ~.~ ~ o~ ~ 1:[\ ~ fcfcIR f<tic:rr \jfR'f._ I

3. Briefly give reasons for the following:- 3 each

a) A Duty Policy is not a value .d policy.

b) It is a condition precedent to a claim for constructive total loss that the assured abandons to the insurer his interest in the subject-matter insured.

c) To determine partial loss of cargo, underwriters insist on a comparison of GROSS values, that is without deduction of any charges.

d) A cargo proposal to insure "tail-end" of a transit is an undesirable risk, and needs to be considered with caution,

53

4. Explain the following:-

a) Constructive total loss when ship is damaged.

b) Constructive total loss when goods are damaged.

6 each

3

AG-66 (m$ 6 atcn)

4. f.lkl~f{go qft~ ~ :

Cfi) ~ wrn m 'ijfc.f '!ffi ~ -Sa:rT m I '&) ~wrnm'ijfc.f~~-Sa:rTml

(~$ 4 atcn)

5. ~~~ 1989~~~~~cfit~~cfit~ 'ifGlT ~ :

Cfi) M ~ cfit m 'lIT 8:lftl' ~ fffi1: ?

'&) ~ Wr.IT 'ij ~ \iIH qffi ~ ~ fffi1: ?

<r) ~ qft ~ C{{ 1R ~ \iIH qffi ~ ~ fffi1: ?

5. Under the provision of Indian Railways Act, 1989 what is the extent of 4 each monetary liability of the Railways.

a) for loss or damage to any consignment?

b) for goods carried in open wagons?

c) for goods carried at owners' risk rate?

6. How are dry-docking expenses treated in the assessment of hull claims? 12

7. '!ffi '~' -qffi 'aIt' ~GCfiU~~ I ~ 4l(1fC1{C\q '!ffi '~' ~\;ffiff~ am:~ 12

wrnmm~~ I

'!ffi 'aIt' Chl.1fifu: 8:lftl' ~ ~ I '!ffi '~' <fiT 60% ~ '!ffi 'aIt' Chl40% ~~~tl

'!ffi '~' ~. 40,00,000 ~'i("(lif41i1, ~ ft1Q: ~ ~ \lll ~ ~ GffiiIR~~ I

Pi""1f(;tflslfl ~~f:-

54

AG-66

4

mo'~' ~.

40,00,000

~ om ~ c:nT a.mt ~~ ~a.mt ~c:nT~ -qm '1( it llffi ciT· ~ ~ ~ enG CI)f ~ 60,000

GAT if ~ M ~ tIffi ~ 3N;ft ~ c:nT ~ qty ~ ~ I tIffi '~' c:nT a:rrqftf ~ CfR'fr ~ ~.~ ~ ~ 'TURT ~ I

70,00,000 12,00,000 18,00,000

75,000

60,00,000 80,000

7. Vessel 'A' collides with vessel 'B' as a result of which, vessel 'A' sinks 12

and becomes a total loss. .

Vessel' B' sustains severe damage. Vessel' A' is held 60% and vessel 'B' 40% to blame.

Vessel' A' is insured for Rs. 40,00,000, so valued, which is its sound market value.

Following losses arise:-

Vessel 'A' Vessel 'B'

Rs. Rs.

Damage to hull and machinery Demurrage

Cargo Damage

Injury to crew

Expenses for removing and destroying wreck of vessel 'A

Neither vessel limits liability. Work out the claim under the policy covering vessel 'A'.

40,00,000

70,00,000 12,00,000 18,00,000

. 75,000

60,00,000 80,000 60,000

8. ffi1i ~ ~ $Rzqc ~ ~ afu1fu Plkl~R.9\1 ~ ~ a.mt ~ fffQ:

~ ~ 'l1Ttf Cf<lT ~ ~ : (m it; 6 atcf;)

q;) ~

~) tIffi .

55

10. Write short notes on the following:-

a) Time Penalty Clause

b) Extra Charges

c) Removal Expenses.

4 each

5

AG -66

8. What is the measure of indemnity tor particular average for the following, under 6 each applicable Institute Clauses?

a) Cargo

b) Ship

9. f.P:'"j R1 Ft:i i1 <it 3llCfftf ~ .CfK'fi "C.flKlit 1fffffi\T it 3t=rfu ~ <tt lfr:r cp;rr

mm~: (m~ 63tcn) .

Cfi) ~~

<9:) cWfu~~?

9. What is the measure of indemnity under a cargo policy covering the 6 each following:-

a) Duty Insurance

b) Increased Value Insurance?

10. f.tS1iR1Ft:i1'1 lR ~ fl'tqufi ~ :Cfi) ~~~

<9:) ~JrlW

If) mlit~

----- ~ -----

------ Til E END ---~-

56

1. q)) "Q,Cfi 4ld'€<ll41 ~"Q,Cfi.~ M ~:m lj';i:q~'i'.I ~ 5 ~ m.q <900 ~ am: awm ~ ~ ~ ~ .q ~ l1Pfi ~ I ~"B@f ~ fcii 31fI1 ~ JrcIlR ~ 3lJCRUT ctt ~ ~ ~ :

i) ~'ITI@~~~lR~~~ I

ii) ~~~·~'*1J;1~~I.q~~~ I

~) Wi~I~ti: fcii "Q,Cfi "%l.~ ~ ~ "Q,Cfi "%l CfiT· 'i(f4iCfl~ cp;ff 4i$~![uf 6

mm~ ?

Marks 10

~,2009 NOVEMBER, 2009

~ ~1l(G ~I q l.ffta:rr lfft;r~

ASSOCIATESHIP EXAMINATION MARINE INSURANCE

~ : 3 -eR: ] [¥f afq; : 100


~ mo~ ~ ~ ~ 11J?llT 1JVo1 ~ 16 afq; ~ ~ ~ 3furd -;:rtf ~ I ap;r ~·rqhr~cn 1JVo1 12 afq; ~ ~ I

Answer EI GIlT questions only. Question ONE carries 16 marks but this is not compulsory. All other questions carry 12 marks each.

AG-67

1. a) A ship-owner has purchased a second-hand Mechanized Barge for Rs. 5 10

crores and seeks your advice on Insurance of the same. Explain with

reasons the types of cover you would advise when:

i) the Barge intends to ply on West Coast ofIndia;

ii) the Barge intends to ply in Goa inland waters.

b) Explain why valuation of ship is important to a Hull Underwriter? 6

2. . Explain the Organization ofLloyds and its functions. 12

3. ~ .q f4q~ft:ld ~ ctt 0G!R§1:IT cR : q) ~

~) ~(~)mf1"

57

If) ~~

Ef) ~ CfR: tfm ~ fIR ~ I

2

AG -67

Briefly explain the following tenns:- 3 each

a) Jettison

b) Sling Loss

c) Trade Ullage

d) Washing Overboard

~ ~.~ <t ~ -q 31fq" mror C{fCIT 39'l1Cf col ~ <t ~ ~ 12

citCFlT~~ ?

As a Cargo Underwiter, what advice would you give to shippers with a view to 12

improving adverse claims experience?

(m~63lq;) 'fi) "~~ cfit ~ 'WI' ~'qfq <t ~ tR ~ ~I" ~

f?:u:ruft ~ I

&) lftt;:r aft11T col 'ffill ~ emit ~ 02lT ~o:f1r::fffif1 ~ ctt &fT&!T ~I

1) "The contract of Marine Insurance is based on the principle of utmost 6 each good faith." Give your Comments.

J) Explain Express and implied warranties applicable to marine Insurance.

What precautions should be observed when stowing cargo in a container? 12

~ ~ aft~ICfinf ~ cp;ff ~ ~ ? ~ ~02lT mf.f ~ I . ~ ctt a 441fT1iiT ~ ~ tR ~. ~ I

Why does a Marine Underwriter seek Re-insurance? Discuss the utility and 12

xirpose of Surplus Treaty and Excess of Loss Reinsurance.

·58

8. Explain with example the claim Payable on "Total Loss of Part of Cargo."

12 12

3 AG -67

8. 'CfiR1IT ~ M ~·ctt ~ m' 1R 'lfRI11 ~ ~ en1 ;ffi~It!<UI :a1i~I~l{1 12

9. What are the main provisions of Tea Crop Insurance?

12

lO.~~~:Cfi) cPffctl<UI ;ffi:aI~R:lIi ~} cH~I~>J11 'B'R9

1f) ~:sr'liR

10. Write short Notes on:-

a) Classification Societies

b) Docwnentary Credit

c) Extra Charges

4 each

----- ~ -----

----- THE END ----

59

1. 31) ~ 2008 it m.~ ~ ~ it 3Wfu 3llC!ftf 1$ ott ~ i1~ ~ ott QRl~lffFh ~ 200 1 i1~ 2007 (~) it atn: if f.lkjI1~1{ t I

~ (fcI;m~) 2007 2006 2005 2004 2003 2002 2001

~ 1200 1340 890 1510 1040 350 l325

~ 3100 3215 2517 2990 1950 1150 3100

i) ~ ~ ott 1fURf ~ liRit ~ ott ~ ~ ~ qjf 6 l$/~ ott 'lfi;2fq~' 3lR 'f.1q fiq' if~: cjlff<h{ul ~~I

ii) zy) ott TTURT (~ ~) ~ 1lRif ~ ott ~ 2008 it m 6 ~ ott ql~f4Cfl ~ 750 ftfim/~31{ .. ~ ~ CfiT 2520 fcIitrr/~31{ ~ ott ~ ~ (c\. 1525 ~ ~ (c\. 5 1 00 ~

~ 3lR ~it ~ ~: 11R<fi{ ~ I

~) ~~ CfiT 1fURf"q"{ ~ ~ ~ ~ I 4

Marks


AG-71

QfIl~IQ\G~lq 'W~ ~afh:rr

ASSOCIATESIIIP EXAMINATION AGRICUJ;fURAL INSURANCE

'Wl1l : 3 tJi ] [~ 3tcfi : 100


~.3ITO~ $ ~~ 11J2llJ ~ $ 16 3tcfi~~ ~ 31f.rcmf ~ ~ I ~~~~ 12 3tcfi$~ I


1. a) In an Area covered under National Agricultural Insurance Scheme (NAIS)during Kharif2008, the historical yields for Ground nut and Rice between 2001 and2007 (kharif) arc as follows:

Yield(Kg!ha)· 2007 2006 2005 2004 2003 2.002 2001

Ground Nut 1200 1340 890 1510 1040 350 1325

Rice 3100 3215 2517 2990 1950 1150 3100

60

2

AG -71

i) Calculate the Threshold yield assuming Groundnut and Rice areas/ 6

crops are classified as 'Medium Risk' and 'Low Risk', respectively.

ii) Calculate the claims (ifpayable), assuming the Actual yield during 6

kharif2008 01"750 kg/ha. For Ground nut and 2520 kg/ha for Rice

on a sum insured of'Rs. 1525 lakhs and Rs, 5100 Iakhs for Ground

nut and Rice. respectively.

b) Write a short note about Livestock census.

4

2. f.lkj~ft1(1 <fit ~ ~ ~ (llT.31.) it ~~f it.~ ~ I (~~ 3 3fcn) i) fcffim:

ii) zy:rr;@ ~ iii) 31C!ft:r ~ iv) an:! ~

2. Describe the following with respect to poultry Insurance Scheme (MA) i) Scope

ii) No Claims Discount iii) Risks Covered

iv) Age Group

3 each

3. Wfffl ~ it ~ tjlmf ~ 'lfi 31WT-31WT ~ Cf>T m BCfifTI ~ 31WT-31WT Wfffl ~ it ~ ~ cfit T.fT.lf ~ I

12

3. Crop Insurance may be of'diflcrcnt types according to criteria used. Discuss 12

the various types using different criteria.

4. ~ tqti)if,{UI it BTI'.f 'w' 7:fT '~' ~: (~~ 2 3lcn)

i) ~ <WiT Cf>T 'I1ffif -q ~ fcffim: ~ I

ii) ~ cfit iilllilRlll-q-{ f.r"¢TuT 31ffiR ~ iii) ~~-q~~1

Iv) ~~.cfit~~~1

v) Rocq'iI$RoB ~ ~ ~ ~ ~ ftrr ~ I

vi) ~ <WiT cfitRt ~ ~ ~ cil1lil<tlR<tl ~ it ftrcf> ~"(1"I'.fT 6B" it ~ fcrqpif Cf>T UlH mit ~ I

61

AG-71

4. Write 'yes' or 'no' with proper explanation 2 each

i) Agriculture insurance has great scope in India.

ii) Control of poultry diseases is easy

iii) India is self sufficient in food grains

iv) Agricultural risks are independent in nature.

v) Tympanitis is a serious infectious disease of cattle.

vi) Agriculture Insurance Company is a specialty insurer created to locus exclusively on agriculture and allied sectors.

5. ~!$I cfit WlBlT3TI it ~ tJlW1 oftlir ~ WJOlTUT ~ ~ I ~ co~ coT ' 12

tJlW1 oftlir ~ ~ WlBlT3TI coT I':ZfR if ~ ~ ~ I

5. "Crop insurance is not a panacea for the problems of agricultural sector." Explain 12

this statement in the light of problems associated with Crop Insurance.

6. ~"ffR tR ~ QcqfTillli ~ :

31) 'IffiO if ~ cfit lWRff it m2f ~ ~) ~~

co) ~~

s) affi;rr ~

6. Write short notes on any three:-

a) Agriculture is a' gamble with monsoon' in India.

b) Shrimp Insurance

c) Hut Insurance

d) HaillnslU·ance

4 each

7. ~ ~ 0lJCRWr if ~ ~ cfit ~ cor 3lIFIT ~ ~ I ~ ~ it 12

~~~cfit~~1

7. "Identification of in sur cd animals is an important aspect ofthc cattle insurance 12

business." Elucidate with reference to various methods ofidentification of insured

cattle.

62

----- ~ -----

--EN,O~

63 .

4 AG -71

(m~63fc1i)

8. a:r) ~am m $ fcrcmf if ~ ~am fcrcmf ~ cfiT ~ ~ ~ I

Of) ~ ~am fcrcmf ~ $ ~ CfiTlf ~ t ?

8. a) Explain the role ofNational Dairy Development Board in development of 6 each dairy industry.

b) What are the main functions ofNDDB ?

9. ~"0": $ ~ Cf1Jf;r ~ m2f Fc!«1lf{~~ ~ :- (m~ 1 ~3iq;)
Give Long forms of any six with a short description: 1 ~each
i) a:rR. an. a:rR. ROR
ii) ~. ~.1fi. MSP
iii) ~.~.~. SM
iv) ~.~.~.~. FCIC
v) 1B.~.~. NSC
vi) tt.~.~.~. DLMC
vii) ~. at. ~.aT. SASA
viii) ~. ~. tt. IMD
10. fctim;r ~ ~ ~ tfffffi:fi $ ~ cor : (~~2 3iq;)
q;) 3lfGI\lIT ~ "&) ~uftr
IT) ~~ ~) zy:rr -;@ ir.R=r
"'Cf) ,tlEfttll ctl Yi ~ ~) zy:rr ~
$~if~~1 10. State the provisions of Kissan Agricultural Pump-set Insurance Policy wifh 2 each res~tto:

a) Scope of cover

b) SumInsured

c) Premium Structure

d) No Claim Discount

e) Long Term Discount t) Claim Procedure

~,2009

AG-72

Qf!l ~I Q!! ~ I q 'Qff&lT ~~

ASSOCIATESHII) EXAMINATION MOTOR INSURANCE

tlmf : 3 "eft J ['¥f 3tcri: 1 00


~ mo m -&1 ~ ~ 11J2:fll1Jv.T -&116 alch f ~ ~ 31Hcm;f ~ i I 3p;f ~m ~ 1Jv.T 12 alch -&1 ~ I


NOVEMBER,2009

Marks

1. ~ 1llif ~ <n<if ~ :ot=rfu 0lT<1 'fi11 enG ~ ~ ~ m c€t Qlf.r f.r:Brcfi 16

~COT~~I

1. Suggest the loss control measures to the Insurance company to reduce the 16

outgo under T.P. Liability claims.

12

2. How are the fundamental principles of General Insurance applicable to 12

Motor Insurance.

. (~ if; 4 3fcfi)

3. ~ Gfr:rr ~~.q 1fGft~ fiof~ f,iyfMR9ct ~ COT ~ BJi~I~l!::

i) ~<tT~

ii) CfiR q)f JlCIlR ~ ~ iii) 4RiJl<'1'i l$r

3. Write about the importance offollowing underwritings factors in motor 4 each insurance.

i) Age of the driver

ii) Make & Model of the car iii) Area of operation

64

12

2 AG-72

(m%6atcn)

4. i) ~ COR ~ lfRCIi m ~ ~ ~ - I ~ a:ffi1fn 31lcrftr ~ coT

~~I

ii) ~ ~ tii'fffifi ~ mqp:r~. ~ at'Pfu ~ qffi I"ItF"l[uf

~CfiT~~'1 .

4. i) List out the perils covered under Section I ofthe standard package policy 6 each for a private car.

ii) Mention important exclusions provided under General exclusions of Two wheelers package policy.

5. ~f?:urolT~(~~)

i) ~ COR

ii) ~. 1:!:. m. it.

iii) ~ ~ fcffi!R iv) ~~

v) fUcf\Jff.OlCfi ~

(m%4atcn)

5. Write short notes (Any three)

~ Vintage cars

ii) MAC.T

iii) Extension of Geographical Area iv) Compulsory Excess

v) Public Place

4 each

6. Write a detailed note on Lok Adalats.

12

7. TffilR atn: ~ ~ .. (~~) :- (m % 4 atcn)

i) ~~~~~

ii) ~~~~~ iii) ~~~mqp:r~

iv) 3lf{. it.~. %TI~~~~~~%TI~<tt 'ifll~11il ~

65

3

AG-72

7. Distinguish between (Any three) :- 4 each

1) Stage carriage & Contract carriage

2) Spot Survey & Reinspection Survey 3) . Special Damages & General Damages

4) Schedule of Depreciation for I.D.V & Schedule of De preei at ion on parts for partial loss claims

(~ ~ 6 31'c!i)

8. f.i yRifuJli ~ 3WlI1'h: 'R. 31lRf{ ~ Cffi'lT Cfil4q os:R1 <tt ~ ~ :

cp) ~ <tt 3ffi it ~ ~ <it % M "fAT

~) ~:otRoT

8. Explain the procedure generally followed in

a) Cancellation of insurance policy by Insured

b) Transfer of vehicle

6 each

9. I1leJClIQcfl CllfOl~Cfi ~ ~ m ~ ~ 3trfu "Bl-~zy;jf q)f f.r:r2H 12 com ~ Cf1H-Cf1H it ~«11~:s11 <tt ~ ~ t I ~ ~ q)f ~

~ -q fll1$lI~q: I

9. Which documents are required while settling own damage claims under 12

package policy for goods carrying commercial vehicles. Briefly explain

the importance of each.

10. ~ CfiR-~ tt eft ~. 2,00,000, ~ 2004 j~G<iIJ:l«1 m ~ t 12

~ CZ[<.f f.iYIj}1I{ ~ I ~.

i) l)fI1 j;l"'l-i1"{ 12,0001-

ii) Fcis@<i ~ ~ 3,0001-

iii) FciS@<i ~ ~ ~ "li"m ~ %rf 800/-

iv) >fie: ~ ~ (l{1lfkCfi q)f~) 1,200/-

v) ~ ~ 4,0001-

vi) ~/~ ~ 900/-

vii) ~ ~ ~ 3,0001-

(~lWlm <tt ~ t)

66

4 AG~2

31f.lqrf~~~"{C\. 1,000CfiT~~TflIT~ I~

~ "{C\. 9,000 ctt ~ CfiT f.:rt:IhuT fc!i<:rr~, ~ ~ ctt ~ ~ ~

~ ctt TJURT ~ I

10. Private car- mv Rs. 2,00,0001- model 2004 met with an accident. 12

Estimated expenses are as under:- Rs.

i) Labour charges 12,0001-

ii) Replacement of w/s Glass 3,0001-

iii) Sealant & Rubber frame for wls Glass 8001-

iv) Replacement of Front Bumper 1,2001-

(Plastic make) .

v) Replacement of Bonnet 4,0001-

vi) Replacement of coolantlengine oil 9001-

vii) Replacement of Radiator Assembly 3,0001-

(allowed repair only)

. Imposed excess ofRs.l,OOOI- in addition to compulsory excess. Surveyor has assessed the labour for Rs. 9 ,0001- which includes the repair of radiator. Calculate the liability.

----- ~ -----

-- END-----

67

AG-73

~,2009 QJI)~IQ\G~lq "Qita;rr

NOVEMBER. 2009

&:I fcR111 {1 ~dl ;fI, aft toO {) v:ci R1 Rl u ~

ASSOCIATESIU}> EXAMINATION PI~RSONAL ACCII)EN'I~ SICKNESS & MISCELLANEOUS INSURANCE

~: 3~] (~atcI;: 100


fcf;;tf 3lTO m ~ ~ ~ I vmr ~ ~ 16 atcI; ~ ~ ~ 3lf.rcm;f.';:f\ff t I 3R(~m~~ 12 3tcn~~ I


1.

&4W1JIi1 ~ ~ ott ~ <it~ f.'lkJR-tR9i1 ~ ~ <it ~. -q ~I

en) ~ ~)~ If) ~~

Marks 16

1.

Write briefly in the applicability of the following principles of Insurance to a contract of Personal Accident Insurance

a) Indemnity

b) Contribution

c) Insurable Interest

16

2.

~CfiI'l~1\ ~ ~ ott lOl~~'i?f~. i'f?lT ~ ~ <it ~ qffi <it ~ fcrfl'ffl 3fTCR1IIT 'fiT i'fOt.:r ~ I

12

2.

Describe the important features of shopkeeper's Insurance policy & various covers it offers to buyers of this policy.

12

3. f.'lkJR-tR9i1 ~ <iWrr ~ ~ ~ if i'fOt.:r ~ I i)~~

ii)~~

iii)>r~~

68

7.

In relation to the mediclaim Insurance explain the following:

i) Domiciliary Hospitalisation

ii) Extra free benefits

iii) Maternity benefit

4 each

2

AG-73

3. Brielly describe the following types of Burglary insurance covers 4 each

i) Declaration Policy

ii) Floater Policy

iii) First loss Policy

4. Distinguish between commercial fidelity guarantee insurance and the Court 12

Bonds.

5. ~ cit afp:rr cfi1Rt cfit ~ '"It!I'Cl'!_uf ~ c)) ~ -q cp:ff l{Rl \lffiTI ~ ? 12

~~it~~~-q~ I

5. Why Reinsurance is deemed as one of the important activities of all 12

Insurance company? Write in some detail about the different types of reinsurance arrangements.

6. 31) ~ 0I:IfcRr cit fcrW -q ~ ~ ~ fcrW 7.IDIT fmr· ~ 1lf.t it 4

~ ~ l{ffifT Cflfliill4i ~ ~ ?

~) fcrW 7.IDIT fmr ~ it ~ om JI(iqlqJrt "@US it mo 0I.:flf c@";:ffi 8

~I

6. a) What is the eligibility criteria for availing Videsh Yatra Mitra policy 4

for a person who is going abroad for holiday purpose.

b) What are the covered expenses under Medical & Repatriation section 8

ofVidcsh yatra Mitra policy.

7. ~~#i'"l afp:rr it ~ -q f.lkJR1R9\1 cit ~ ~ : i) ~ 3'lfll\1I~Cfl{UI

ii) ~~Brl

iii) ~Brl

69

9. 3=1") 'I-.Ff <;ftlu ~ if Gl ufu1:rr ct<it <thmfi W ?

ilf) 'I-.Ff <;ftlu ~ ~ 3i4qJ .. t1<il ~ I

4 8

3

8. ~"ffR lR ~ fl"tquft ~ :i) ~ ~ <;ftlu - ~ cPTf<:tl{OI ii) ~ ~ <;ftlu

iii) ~~<;ftlu

iv) ~ ~~qf)1i <;ftlu if ~ cfiT mf.1 'fiwuT v ) ~ ~ ~qf) Ii <;ftlu if ~-l{fffif fiCfifY'i I

AG-73 (m~4Wfl)

8. Write short notes on any three of the following:

i) Jewellers Block Insurance - risk classification ii) Student Safety insurance

iii) Plate glass insurance

iv) Loss of Baggage cover in Overseas mediclaim Insurance v) Bonus-Malus concept in mcdiclaim Group insurance

4 each

9. a) Why two amounts are mentioned in Money Insurance policy? b) State the exclusions of Money Insurance Policy.

4 8

10. ~~~~~~CfiT(~O?-lT.lWlTUJ~~~) 12

quf;,~ I

10. Mention the various exclusions (other than war and nuclear risks) under 12

Jewellers Block Policy.

----- ~ ---_-

----- END ------

70

'(ttl~' Q\G~' q '4it~ W-«rr~

ASSOCIATESHIP EXAMINATION LIABILITY INSURANCE

~:3~] ~atcn: 100


fcI;;tf 3lTO vv:rr:&; 6'ffi\ ~ I V~ ~:&; 16 mn ~ ~ 'C:f6 ~ ~ t I 3r.<:r~~~ 12 mn:&;~ I


AG-74

~,2009

NOVEMBER,2009

Marks

1. 31f.tcwf lilI4\llPtCfl ~ ~ ~ ~ ~. f.mRur ~ cfit ~ ~ 16

~I

1. Give an outline of the Compulsory Public liability Policy and its rating 16

system.

2. (1lq(ClI~ ~ ~ ~ ~ ~ n'I1t ~ \jff wmrr ~ ~ '¥9 m cfit 12

'lFf~m I"

~mCfiT~~~~~~ I

2. "A civil action for Negligence can be sustained only when certain 12

conditions are satisfied".

Enumerate and explain the conditions.

(m~6 3lCfl) 3. aT) ~~<nf.!cnrifCfiT~~~J@r~~~02U ~'TJffif~'~~~~-1-zy.ftm~~ I

Gf) ~ am: ~ ~ ~ ~ atrfu"0': ~qq'ii;ffC61 ~ ~I

3. a) Mention the persons or bodies to whom Directors and Officers of 6 each Companies can be legally liable for 'wrongful acts'

b) Mention six exclusions under Directors' and Officers Liability policy.

71

2 AG~4

4. 1)m:f~~(~)~~~~~~~rnTq~ 12

~t~r.rmr~~t 1.f.ll;:r~~~~1f4tt;

-3f) ~WW - 4

ar) ~~~"f!P:rr -~. I ~~~.~

- ~. 2 ~,*anen{ ~) ~ an ~ it ~ an en{ CfiT ar:rmr - I ;2 t I

c::) c.f~ - i)~. 75 ~ ~

- ii)~. 5 ~'I~~/~

- iii)~. 7~anf~~~

- iv)~. 10~iR-an~m~~

m ~ ~ t 0.09 %0 (Jffit~) "\) ,f.ll;:r ~ ~ ;-

~ lj1mfi

i) ('I~~am:~) 15

ii) (an~m~~) 5

ii) (~~~iRan~m~~~~~ 2

~) ~ an ~ it ~ an en{ ar:rmr ~ ~ ~ ~ ~ Pi8ff1frshl CfiT 80% t ;-

~ an en{ ~"f!P:rr 200 ~it ~ I ~~. 35025 + ~. 200 WtR 250 ~ it ~ ~ ~ it"3i1R ~ ~ tf\ 1.25%0 ~ ~ ~ 31fI:m: tf\ ~~1f'ffffifi ~ r.rmr ~~t, ~~~~1JURT~ I

4. MIs Clariant Machines (India) Limited has submitted proposal for Products 12

Liability Insurance including Exports. Information submitted is as below-

a) Risk Group . _ 4

b) Limit of Indemnity required - Rs. 1 Crore AOA - Rs. 2 Crores AOY

c) Ratio AOA to AOY is - 1:2

d) Turnover - i) Rs. 75 crores Indian

ii) Rs. 5 Crores USA/CANADA iii) Rs. 7 crores OECD Countries

iv) Rs. 10 crores Non-OECD Countries.

e) Basic rate is - 0.09 %0 (per mille)

72

3

AG-74

f) Multiplier are as below:

Category Multiplier

I (USA and CANADA) 15

II (OECD Countries) 5

III (Other Countries including Non- OECD Countries) 2

g) For ratio AOA to AOY 1:2 premium charged is 80% of the following:

Limit AOY exceeding Rs. 200 lacs Rate/Premium Rs.35025 +

but not exceeding Rs. 250 lacs 1.25%0 on the amount in excess of Rs. 200 lacs.

Calculate the premium based on above information for Products Liability Policy Including Exports.

5. tiffim: -q ,("l'i~I~t!> fco~~ -q ~ ~ ~CfiT~Jf<liR ~~ 12

fcn<:lnflm ~ I

5. Explain in detail how the Principle of Indemnity is strictly observed in 12

Liability Insurances.

(~t6 3fc!;)

6. 3l) ~ ~ ~ fllcf\JIPl<tl ~ -q'ffffifi ~ afu1fu ~ ~ ~ ~

ctt~~~1

~) ~ -q'ffffifi ~ afu1fu ~ ~ 'R ~ ~ ~ CfiT ~ ~I

6. a) Give an outline of the premium rating process under public liability 6 each policy for hotel.

b) Mention the extent ions of cover under this policy available at extra premium.

7. -rcifi;:thft-;r 'R ~ R; cqfU I(!i ~ : 3l) ~~CfiT~

~) aoosk4<tl ~

"'(Of) ftI4{c1ltf\ ~ ~ ~ ~

c::) ~ ctt ftI4{i'lI~ ~ ~ ~ ctt ~

73

4

7. Write short notes on any three:

a) The law of absolute liability

b) Punitive Damages

c) Legal defences for negligence

. d) Principal's liability for negligence of Contractors.

AG -74 4 each

12

8. What is the Scope of Cover under Workmen's Compensation Policy? 12

(m~63fq;) 9. ~>ftfTr:rq'iIl 'TffiHlR tllcf\llf.:lCfl m (~) oftTITtfffffi:!till atPfu

. ~ 'ffwuT 'fiT ~ m~ 'fiT ~ ~ ill ~ f2i@Rct M 'm ~ t"\l1l fit"CJlfffifi IDU ~ mff ~ I "CJlfffifi lR ~ ~ ~ ~ ~

~"

~111ff1Rgct 'ffwuT ~ 'fiT ~ ~ : 3l) ~'ffwuT

~).~~

9. "On Payment of additional premium, the basic coverage under the Public 6 each Liability (Industrial) Insurance Policy can be extended to include liabilities

which are excluded by the Policy. Appropriate extra endorsement are attached to the Policy"

Explain the following extentions of coverage :_

a) Pollution Coverage

b) Transportation Coverage.

10. BIc:N!f.:lCfl m ~ ~ IN:f if 4hUfl@'i ~ m ~ iIlatPfu 12

'\l1RCIiRt JRR <n't \lffift t, ~ ~ ~ I .

10. Mention the headings under which information is provided in the Public 12

Liability Risk Assessrnenj form for purposes of underwriting.

----- ~ -----

------ END ------

74

Marks

NOVEMIlER,2009

l{fll ro Il(<'! ~ I q 'tIita:rr $JlR~rVI~

ASSOCIATESIIIl:t EXAMINATION ENGINEERING INSURANCE

~: 3 t.ii I [~aiq:;: 100

Time: 3 lloursl [Total Marks: 100

~ 3TIO m ~ -a-rot ~ I vw:r lJr.l" ~ 16 aiq:;~ ~ <:T& atRcw;f -;:rtf t I ar.<nNhr~~ ~ 12 aiq:; ~ ~ I


AG-77

~,2009

1. Give an outline of the covers under Electronic Equipment insurance. 16

2. ~ ~ ~ CIlT fCIlCflI{OI {imtf'Jf'iCf) ~ ft1:fti ~ ~"®1 ~ I 12 ft1:fti if ~ <tt \lfR ~ ~"it ~ ~ I

2. Acceptance of Machinery Insurance risks are subject to satisfactory 12

Inspection Report. List out items of information included in the Report.

3. Describe in detail Underwriting information required for EAR Insurance. 12

4. What are the advantages and benefits derived from site monitoring? 12

5. ~1fR~offiif~R:tqfUllJi~:-

Cfi) ~ (f2lf m ~ ~ ~ ~ a:rf.t ~ ~ ~) ~GfiTlf~

IT) aTIWl ~ <tt mf.l "tlTfffifi ~ lTWfi ~) ~ ~\J\'lf.ilJf(11 ~ fil1 ~

75

2

AG-77

5. Write short notes on an)' three: 4 each

a) Warranties under Boiler and pressure plant Insurance.

b) Contract Works policy

c) Customers for Advance Loss of profits policy

d) Civil Engineering completed Risks insurance.

6. Rf.:f;-mu(31Kt~~)~~~if~~3lT~~ 12

~"CfTffi ~ W;im ~ Cfi1 ~ ~ I

6. Mention the underwriting safeguards adopted by insurers before acceptance 12

of Deterioration of Stocks (other than potatoes) insurance.

(wircn % 6 3tcn) 7. "q) m ~ 3m: ~ it mlUfi <tT ~lfu m it 31fCRlJT $ <tT CilfR§<IT com ~

~ ~ aWf cnBlJ: 31qCjJ.n Cfi1 ~ ~ I

~) m ~ am: ~ it ~ coR it ~ 3lJCRlTf ft;rQ: \lIT ~ ~ ?

7. a) Outline scope of cover and mention six exclusions under Material 6 each Damage Section of CAR Policy

b) Which additional covers can be availed under CAR Policy?

(wircn % 6 3tcn) 8. "q) ~~comWP-T~i1~~cnB··~Cfi1~

~I

~) $~~ljRll ofil1T ill ~ -q ~ <tT ~CflffqCfl ~ ill ~ <tT ~ ~I

8. a) Specify the factors which influence retention while arranging 6 each rei nsurance.

b) Discuss the importance offacultativc method ofrc-insurance in engineering insurance,

9.

(wilen % 43tcn)

~kjR1ftji1 -q if ~ "fft;r -q ~ lR ~ ~ "CfTffi rn ~ ~ ill .

~Cfi1~~1

"q) ~ ~ ~lfkCfI cwf

~) BT¥~

76

10. What is meant by following under Loss of Profits (Machinery) Policy

a) Indemnity Period

b) Insured Standing Charges

c) Sum Insured?

4 each

3

AG-77

If) ~~~ ~) ~

9. Name the types of Plant and Machinery commonly found in any three of 4 each the following:

a) Rubber and Plastic Works

b) Soap factory

c) Hotels and Restaurants

d) Laundries

(~it4 3l<fi)

10. "fIN cfit m (lRfRit). ~ it at=rm PtktR1f@i1 <.fiT <FIT ~ t ?

tfi) ~~

"&) ~~)4'qR If) ~~

----- ~ -----

---~- END ----

77

2. <X:IfcRPI\1 ~ ~.J1cIiR ~ ~ -q f.jyR1({g\1 <it ~ ~ I i) 3TR-~/aWli ~ 31fCR1l1

ii) ~lJFckiCfl ~ ~ atr'fn ~ ~ ~ iii) ~ 6llFckill\1 ~ ~

2 4 6


AG-78

(~fiH~ Il{l ~ I q 'Qfta:rr fctTcru~

ASSOCIATESHIP EXAMINATION MISCELLANEOUS INSURANCE

~ : 3 t:ii ] [~ atcn: 100


~ 3TTO~ ~ ~~ 11J?:I1:r w.:r~ 16 ~t'~ 7;16 ~ ~i·1 3Bfri~w.:r 12 ~~t' I

Answer KIGHT questions only. Question ONE carries 16 marks but this is not compulsory. All other questions carry 12 marks each.

Marks 12

4

1. a) A prospective client wants to know about the Burglary firm loss insurance. Draft a detailed letter to him in the above connection.

b) What is a 'Valued Policy'?

12

4

2. Explain the following, under the Personal Accident type of insurance. i) On-duty/off-duty cover

ii) Free additional benefits under the Individual policy. iii) Group P.A. Cover.

2 4 6

12

3. State the exclusions applicable to mediclaim policy.

12

4. Write a detailed note on Office Protection Shield. 78

12 12 .

2 AG -78

5. ~"CJTM~mif1ff~~mTi~~CfiTquf;r~ I 12

5. Describe the content of a pre-acceptance inspection report in respect ofa 12

Burglary policy.

6. f.:IyR1rtH1 ~ fft.:r m ~ if ftcquft ~ I (m ~ 4 3l<fi)

i) Oiljqlft'lCfl ~ ~

ii) iH~qfj4 aft4T if ~ ~ iii) ~~aft4T

iv) ~aft4T

v) ~ aft4T if mqp:r ~

vi) ~ ~rgqfj4 "CJTM if MffiT·~ ~

6. Write short notes on any three of the following:- 4 each

i) Proportional treaty-reinsurance

ii) Cumulative Bonus in medici aim Insurance iii) Agricultural Pumpset Insurance

iv) Sports Insurance

v) General exclusions in cattle insurance

vi) Medical selection procedure in overseas medici aim policy.

(m~ 6 3l<fi)

7. 31") ~ ~ aft4T"CJTM ~ ~"@Uit ~ ~ Oilct{UnCflI cruH ~ I

<if) ~ "CJTM ~ ~~: Oiqct'5{··i'iCflI ~ ~ (~ ~ tWlTlll ~CfiT~)

7. a) Describe the cover under the different sections of the Jeweller's Block 6 each
Insurance policy.
b) Mention any six exclusions which appear in the above policy. (except
war and nuclear risks)
31") '1:"R" ~"CJTM ~ 4~i'C1'iuf ~141@l<5H ~ CfiT ~ ~ I
8. 8
<if) ~"CJTM~3Wffi~~~~? 4
8. a) List out important underwriting considerations in Money insurance 8
Policy.
b) Name the extensions available under this policy. 4
79 3 AG -78

9. ~ -q ~ clifO I~Cfl fcl~cm1111ll"ltfr ~ ~ ~ WfiTU Cfif"CfUf;:r ~ I 12

9. Describe the various types of commercial Fidelity guarantee Insurance 12

policies available in the market.

(~&; 4 3lq) 10. at) "Q;Cfi ~ ~ ~ ufW~. 40,00,000 ~ ~ \1IRT tfiT.w ~ 1 ~

~ atPfu" ~. 60,000 Cfif zyrr "2311" ~ 1 ~ ~ w:r.:r ~ 'q"f7:rf IT<1T tfiT ~~q)f¥~~. 50,OO,000~ 1 m~ufW~~?

Gf) ~. 3,00,000 tfiTf<irfTm ufW ~ ~"Q;Cfi OlIf4fPII1 ~ ~ ~

tfiT \iffi1t~ 1 ~ ~ CflRUT ~ CfiT 7 ~ tfiT ~ ~ ~ 1 . RlfchfflCfi IDU ~ cit 5% ~ ~ w:rrfUm tfiT.w 1 'PffiR" 7.Jl-n:r zyf c6t ufW tfiT 1]1JRT ~ 1

Cfi) "Q;Cfi ~ ~ ~ tfiT \iffi1t ~ ~ ~ ~"{ftTrr~. 10,00,000 ~(f4T~~~~. 1,50,00,000~ 11!,Cfi~~ CfiT \<\. 12,00,000 tfiT 3ilcW4CflI1I ~ oa:~ 1!,Cfi ~ CfiT ~ C1R ~ ~ ~ -q ~ IT<1T1 ~ ~ qcpij ~ tfiT TMt ~ 1 zyf tfiT ~ ufW ~ ~?~, ~ ~ ~ iiCfi, ~ ~ ~ ~¥f~~. 2 ~~~"2311"~ I.

10. a)· A Burglary policy was issued for a sum insured of Rs. 40,00,000. A 4 each claim occurred there under for Rs.60,000. It was found that at the

time of loss, the total value of the contents, at risk wasRs. 50,00,000.

What is the amount of loss payable?

b) A personal Accident policy is issued for a S.l. of Rs.3,00,000. As a result of an accident, the Insured is totally disabled for 7 weeks. The Doctor also certifies that the Insured suffered Permanent disability of 5%. Calculate the amount or claim payable.

e) A money policy is issued with a per carrying limit ofRs. 10,00,000 and the estimated annual carrying at Rs. 1,50,00,000. One day the Insured required Rs. 12,00,000 and accordingly an employee was sent to withdraw the cash from the Bank. Unfortunately on the way back, the money was looted. What is the amount of claim payable? Incidentally till the date ofloss, the total amount carried during the policy period exceeded Rs. 2 Crores.

----- ~ -----

-END-

.. 80

~, 2009 NOVEMBER,2009

l!fIl ~I ttl ~I q 'Qft~ ~~$\l{lPt~RJI tftl:rr


LIABILITY AND ENGINEERING INSURANCE

wn:f : 3 t".ii ] ~ ajq; : 100


~ 3ffi)~ ~ «n{~ I V?ll1 "m".~ 16 ajq; t~ ~ ~~ i I ar.~:n:r~;fhr~Cfi "m" 12 ajq; ~ t I

Answer EI GIlT questions only. Question ONE carries 16 marks but this is not compulsory. All other questions carry 12 marks each.

AG-79

Mar s

.. . (~ifi 8 3lcli)

1. 31) ~ lja:rJCf\lIT.~ 1923 .. CfiT ~ ~. ~ ~ CfiT ~ .

~ 'W-IT 31 qf{~RllJl ctt ~ ~ ~ ~ ctt M ~ <tT lj3W-OO t.f ctt ~~ mm ~ I

~) lffi;:r q ~ ~ Tfffffift ~ lffi;:r ~ ~ at:rt=r lffi;:r ~ ~ ~-q ~ Cblll)jll111 CfiT ~ ~ I

1. . a) State the objectives behind introduction of workmen Compensation Act 8 each 1923 and enumerate the circumstances under which an employer is liable

for compensation to an employee.

b) List out the documents required in support of a Marine claim under Marine Section of a Marine cum Erection Insurance Policy.

2. fIl4\i1f.:!Cb ~ ~ .~ f.!jCiR1futct ~ -q ~ ~ ~ 'q\. ~

f2:tqfOllIi ~ : (mifi33lcli)

31) .~Cb't~

~) ~.

'ff) ~ 'W-IT ~ m ~

<::) ~ctt~-q~ Gf) ct<0lctlfl

81

2

AG -79

2. Write short notes on any four of the following extensions of public liability 3 each policy.

a) Carriage of'effluents

b) Transportation

c) Food and beverages cover

d) Property in the custody of insured.

e) Swimming pool

(m~63lct;)

3. i) ~ ~ cfit m ~ ~ ~ ~ ftq)i -q fct;r fcfcRuIT q)f ~M~t?I'

ii) ~ ~ cfit mf.1 ~ iti at=rfu.~ ~ ~ fcl"'1H,ufili

~q)f~~1 .

3. i) What are the details shown in a risk inspection report for machinery loss 6 each of profits policy?

u) Mention the factors considered for risk assessment under machinery loss of profits policy?

4. ~ ~ Wffifi iti ~ -q : 31) ~*'om

Of) ~ urn q ~ffit@Cfl{UI ~ awm: cfit ~ ~ I

4. Describe: 6 each

a) Scope of cover and

b) Basis of sum insured and indemnification in respect of a Machinery Insurance Policy.

(~~3alcfi)

5. ~c1Cft;IPlCfl ~ ~ ~ ~ ~ -q P1l"'iR1R9ct cfit ~ ~ :

31) Wffifi iti ~ m-

Of) ~~

~) 'Wflf ~

<::) . ~ CffiUit

82

3

AG -79

Describe the following in respect of an Electronic Equipment Insurance Policy: 3 each

a) Various sections of the policy, '

b) Indemnity Period,

c) Tune Excess

d) Maintenance warranty

{OI14\51f.'lCfl .~ ~ ~ 1991 ~~if f.'lkjfaf{g\1l?I&M~4i if ~

~ ('fR <fit CiI:fr&:!T ~ : (m ill 4 af<fi)

31) @\1{'iICfl ~

~) ~

~) ~(~)

c::) ¥l ~ (z;f~)

Define any three of the following terms in relation to Public liability insurance 4 each Act 1991.

a) Hazardous Substance

b) Owner

c) Handling

d) Turnover

f.'lkjft1f{g\1 ~ ~ ~ ¥. ~ ~ ~ "CflT ~ ~ : (mill 4 3fq;) '31) W1f~

~) '¥f

~) ~~

7. , Mention the construction hazards offollowing civil works - 4 each

a) Tunneling

b) Bridges

c) Tall Buildings

8. ~ ~ ~ am: lfffffiff cp:rr ~ ? ~ lfffffiff ~ afulfu ~ ~ <fit ;:rqf 12

~I

8. What is a CECR policy? Describe the coverage under this policy. 12

83

9. Describe the following in relation to Erection All Risk Policy:

a) Insurable Property

b) Period oflnsurance

c) Sum Insured

4 each

4

9. ~ ffcf'lilRsiq tj'ffffift ~ ~ -q·f.)kj~Rsict cfit ~.~: 3f) ~.~~

~) ~~

"fJ") ~ ufiT

AG -79 (m~4afcfi)

10. 3f) ~~ ~ J;ftBf ~ m m- ciT ~ -q ffq~I~l!> I

~) f.lkj~Rsict. ~1(~Jq~4f ciT ~ ~. : o lI('i!lI~Cffl ~

ii) ~~

iii) ~ cfit tmlt

6 (~.~ 2 afcfi)

,

10. a) Explain in brief the operative clause of Pro duct Liability insurance form, 6

b) Explain the terms : 2 each

ij • Vicarious Liability

ii) No fault liability

'iiI) Degree of case

..... ~ .....

----END-_

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