Introduction to Insurance & Risk Management

1. What do you mean by insurance? (2006, 2005)

2. What is assurance? (2007, 2005)
3. Lie insurance u!i!!s the needs o a "erson# $ %&"!ain the statement. (2012)
'. (ierence bet)een !ie insurance and other ty"es o insurance. (2012, 2006)
5. *nsurance is ab!e to curtai! in!ation#+ do you a,ree or not? -!ariy your "osition.
(2012), or, .*nsurance is ab!e to curtai! in!ation, so it shou!d be made
com"u!sory/ + -omment. (2010)
6. *nsurance e!iminates de"endency.# %&"!ain. (2011)
7. 0rie!y e&"!ain dierent ty"es o insurance. (2007), or, -!assiy insurance rom
ris1 "oint o 2ie). (2011, 2006),
3. *nsurance is a system o s"readin, the !oss o one into the shou!der o many#+
*nter"ret the statement usin, suitab!e e&am"!e. (2010, 2003)
4. .Lie insurance encoura,e sa2in,s/ $ %&"!ain. (2010)
10. %&"!ain the !imitations on the sco"e o insurance. (2004)
11. Why is insurance termed as a coo"erati2e de2ice and orm o ris1 mana,ement?
(2003)
12. *nsurance is not to "re2ent ris1, but to indemniy the !osses arisin, rom a certain
ris1#+ -omment. (2007)
13. What is *nsurance 5o!icy? (2007)
1'. Why insurance "o!icy is im"ortant? (2007)
15. 6o) insurance can be considered as an item in in2isib!e e&"ort? (2007)
16. (istin,uish bet)een insurance and ,amb!in,. (2006)
17. (eine !ie insurance, ire insurance, marine insurance 7 !iabi!ity and ,i2e
e&am"!e. (2007)
2 *nsurance 7 8is1 9ana,ement
Risk Management
1. What do mean by ris1. (2007, 2006). (istin,uish bet)een ris1 and uncertainty.
(2012, 2003)
2. 6o) ris1 is determined in !ie insurance. (2012)
3. -ritica!!y e&amine the 2arious actors aectin, ris1. (2012)
'. (escribe the c!assiication o ris1. (2007)
5. (iscuss the ris1 mana,ement "rocess. (2010, 2003)
6. (iscuss the ob:ecti2e o ris1 mana,ement. (2006, 2005)
7. %&amine the .;ud,menta! 9ethod and <umerica! ratin, system o e2a!uatin, ris1.
(2011)
3. What are the methods that an insurance com"any uses to hand!e ris1? (2004,
2006, 2005)
4. .5ure ris1s are a!)ays insurab!e./+ %&"!ain. (2004, 2006)
10. =ssess the e!ements o an insurab!e ris1. (2004) or, brie!y e&"!ain dierent ty"es
o insurab!e ris1. (2010)
11. (eine ris1 (2012), chance and "robabi!ity )ith e&am"!e. (2004, 2006)
Principles of Insurance
1. 0rie!y discuss the essentia! e!ements o insurance contract. (2012)
2. 0rie!y discuss the "rinci"!es o insurance. (2006)
3. What is subro,ation? (2011, 2006)
'. 6o) the ri,ht o subro,ation arises? (2004)
5. (iscuss the dierent ru!es re!atin, to "ro&imate cause. (2004)
6. What are the dierences bet)een re"resentations and )arranties? (2012, 2004,
2003)
7. What are the acts )hich are re>uired to be disc!osed in case o utmost ,ood
aith? (2012)
3. .5rinci"!e o subro,ation is a coro!!ary to the "rinci"!es o indemnity/+ %&"!ain.
(2003)
4. (eine "rinci"!e o indemnity. What are the uses o this "rinci"!e? (2012)
10. (escribe the dierent determinates o "ro&imate cause.
11. (escribe the "rinci"!es o utmost ,ood aith and "rinci"!es o indemnity )ith their
essentia!s and uses. (2003)
-ha"ter ?uestions List 3
12. 5ro&imate cause is not 2ery essentia! in case o !ie insurance contract.# %&"!ain.
(20011)
13. What do you mean by )arranties? (2010)
1'. What acts need not be disc!osed by the insured in case o utmost ,ood aith?
(2005)
15. (escribe the conditions or indemnity "rinci"!e.
16. *nsurance is a contract o indemnity#+%&"!ain. (2007, 2005)
17. What are the essentia!s o insurab!e interest? When insurab!e interest must e&ist?
(2012, 2011,2006, 2005)
13. What is %&+,ratia 5ayment? (2012)
Life Insurance
1. What do you mean by Lie *nsurance? (2003)
2. What are the 2arious 1inds o !ie insurance "o!icies? (2003, 2006)
3. (ierentiate bet)een %ndo)ment Lie "o!icy and @erm Lie "o!icy. (2012, 2010)
'. What do you mean by surrender 2a!ue? (2004)
5. (escribe the im"ortant eatures o surrender 2a!ue. (2004)
6. What are the 2arious orms o "ayment o surrender 2a!ue? (2012, 2007)
7. (iscuss the methods o ca!cu!atin, surrender 2a!ue. (2010)
3. Write the ste"s or ca!cu!atin, o net sin,!e "remium. (2004)
4. What is morta!ity tab!e? (ra) an ima,inary morta!ity tab!e ta1in, 5 years into
consideration. (2011, 2006)
10. (eine =nnuity. (iscuss about the dierent ty"es o annuities )ith mentionin,
one e&am"!e. (2012)
11. (istin,uish bet)een !e2e! "remium annuities and sin,!e "remium annuities.
(2003)
12. What are the 2arious o"tions o bonus? (2010)
13. 6usband has insurab!e interest in the !ie o his )ie.# $ discuss. (2010)
1'. @he "o!icies are ree!y assi,nab!e in case o !ie insurance $ discuss. (2010)
Reinsurance
1. What is reinsurance? (2012, 2011, 2010, 2004, 2007, 2006)
2. 0rie!y e&"!ain the reasons or re+insurance. (2012,2011,2004, 2006)
3. 0rie!y e&"!ain dierent treaties in reinsurance.(2003)
'. 8e2ie) the !e,a! considerations o reinsurance contract. (2010)
' *nsurance 7 8is1 9ana,ement
5. (eine sur"!us treaty and dierentiate bet)een e&cess o !oss# and e&cess o
!oss ratio# in the !i,ht o reinsurance. (2003)
Marine Insurance
1. What do you mean by 9arine *nsurance?
2. What are the sub:ect matters o marine insurance? (2004)
3. %&"!ain the essentia! eatures o marine insurance contract. (2011, 2003, 2006)
'. What do you mean by marine "eri!s? (2003)
5. %&"!ain brie!y dierent ty"es o haAards. (2011, 2007)
6. (iscuss the 2arious ty"es o marine insurance "eri!s.
7. What are the dierences bet)een "eri! and haAard? (2007, 2006)
3. (iscuss the "rocedures o ta1in, marine insurance "o!icy. (2011)
4. (iscuss the 2arious ty"es o marine !osses. (2011, 2003, 2007)
10. (ierentiate bet)een actua! tota! !oss and constructi2e tota! !oss. (2003)
11. What are the 2arious 1inds o marine insurance "o!icies? (2010), or, discuss in
brie the 2a!ued "o!icy, b!oc1 "o!icy and b!an1et "o!icy )ith re,ards to marine
insurance. (2003).
12. What are the 2arious c!auses o marine insurance "o!icies? (2010)
13. What are the im"ortant )arranties in marine insurance? (2010)
1'. (istin,uish bet)een Benera! =2era,e Loss 7 5articu!ar =2era,e Loss. (2011,
2010)
15. (istin,uish bet)een @ota! !oss 7 5artia! !oss. (2012, 2004, 2007, 2006)
16. What are the "rocedures o ad:ustin, marine insurance !osses? (2007)
17. What do you mean by 5articu!ar =2era,e !oss and -onstructi2e !oss? (2007)
Fire Insurance
1. What do you mean by Cire insurance? (2011, 2006)
2. 0rie!y e&"!ain the eatures o ire insurance. (2006)
3. 0rie!y e&"!ain dierent ire insurance "o!icies. (2011, 2003, 2006)
'. What are the im"ortant conditions o ire "o!icies? (2011)
5. What are the uses o ire insurance? (2010)
6. 0rie!y e&"!ain ho) the c!aim o ire insurance is sett!ed. (2003) or, %&"!ain the
c!aim "ayment "rocedure in case o ire insurance. (2010, 2007)
7. (iscuss the "rinci"!e o rate i&ation in ire insurance. (2012, 2010)
3. (iscuss contribution c!ause and a2era,e c!ause in ire insurance. (2012, 2010)
-ha"ter ?uestions List 5
4. 0rie!y e&"!ain the merits and demerits o ire insurance in the conte&t o
0an,!adesh. (2006)
Insurance Market and Pricing
1. Dtate the im"ortant actors to be considered )hi!e mar1etin, insurance "roducts.
(2006,)
2. Who is an insurance a,ent? (2005)
3. (iscuss the insurance business mode!. (2011)
'. (eine insurance "ricin,. (2003)
5. (iscuss the ob:ecti2es o insurance "ricin,. (2003)
6. (iscuss the methods o insurance "ricin,. (2012, 2003)
Insurance Practices of Bangladesh
1. (iscuss the unctions o an insurance com"any. (2003)
2. %&"!ain the necessity o insurance or economic de2e!o"ment o a country !i1e
0an,!adesh. (2003)
Er, discuss the contribution o insurance business to the nationa! de2e!o"ment o
0an,!adesh. (2006)
Er, describe the im"ortance o insurance in 0an,!adesh. (2005)
3. (escribe the "rob!ems o insurance business in 0an,!adesh. (2011, 2004, 2006)
'. 6o) to so!2e the "rob!em o insurance business in 0an,!adesh?