Fundamentals of Non-life Insurance — DU B.A. (V.S.) Insurance Management Previous Year Question Papers

Name o.f the Paper : Fundamentals of Non-Life Management (NEP) Discuss the scope ofnon-life insurance by describing the range of products, including marine, motor, health, and liability insurance. Describe the proc'ess and importance of rate setting in non- life insurance. Explain the perils covered, scope of cover, and methods of detemining insured value in fire insurance. Discuss the types of cover and important clauses in business interruption insurance. 3. Describe the features of home insurance covering household buildings and contents. Discuss the legal basis of the insurance contract and the key conte`nts of a home insurance policy. 4. 5. Define credit insurance and explain its relevance in commercial and trade contexts. Describe the key functions of credit insurance, including risk assumption, claims payment, and claim prevention. Describe the key features and perils covered under marine insurance. Compare and contrast the roles of direct insurers, reinsurers, and brokers in the non-life insurance market. 6. Discuss the features and subject matter of fire insurance cont_racts. What are tbe different types and benefits of personal insurance policies and how cover can be modified? 7. Explain the risk assessment process and policy management lifecycle, including mid-term amendments, cooling-off period, renewal, and cancellation in home insurance. 8. Write short notes on any three of the following : (i) Commercial property insurance. (ii) Travel insurance. (iii) Motor insurance. (iv) Rate setting in non-life..-insurance.