Download OU BA 2nd Year Common to All 10051 Principles of Insurance 2019 Dec Question Paper

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FACULTY OF COMMERCE

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B.Com. III - Semester (CBCS) Examination, November / December 2019
(Common Paper for General / Computers / Computer Applications /
Advertising / Foreign Trade and Tax Procedure Courses)

Subject: Principles of Insurance

Paper Code - BC - 301 Skill Enhancement Course - I

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Time: 1½ Hours Max.Marks: 40

PART - A (2x5 = 10 Marks)
[Short Answer Type]

Note: Answer any two of the following questions not exceeding one page each.

1. Differentiate between Reinsurance and Insurance

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2. Web Aggregators
3. Principle of Utmost Good Faith
4. Group Life Insurance

PART - B (2x15 = 30 Marks)
[Essay Answer Type]

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Note: Answer all the questions.

5. a) What is Risk? Explain briefly the different types of risks.
   OR
   b) What are the benefits or advantages derived from Intermediaries?
6. a) Briefly explain the procedure of Settlement of Death and Maturity Claims of Life Insurance.
   

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   OR
   b) What are the major types of Group Insurance Schemes? Explain.

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