Insurance & Risk Management (BBA Program) Aminul Haque

Introduction 1. Define Insurance and assurance. Describe the Features of Insurance. 2. Describe in detail the importance of insurance. What are its uses to the business community and society as a whole? 3. Insurance is not gambling. Explain 4. Insurance is not charity. Do you agree with this statement? 5. Insurance is able to curtail inflation, so it should be made compulsory. Comment. 6. Distinguish between insurance & gambling. 7. Insurance is not to prevent risk, but to indemnify the losses arising from a certain riskcomment. 8. What are the various functions of insurance? 9. Explain the limitations on the scope of insurance. 10. Insurance is a system of spreading the loss of one into the shoulder of many- Interpret the statement using suitable example. 11. Why is insurance termed as a co-operative device and form of risk management? 12. How insurance can be considered as an item in invisible expert? 13. Explain - Insurance is a contract of indemnity. 14. Insurance contract simultaneously is an investment and reduction of risk.-Explain 15. Insurance is a contract of risks distribution-Explain the statement. 16. Discuss the functions of an insurance company. Principles of Insurance 1. How the right of subrogation arises? 2. Discuss the different rules relating to proximate cause. 3. What are the differences between representations and warranties? 4. What are the facts which are required to be disclosed in case of utmost good faith? 5. What are the requirements of a valid insurance contract? 6. What are the various essentials of insurable interest? 7. When insurable interest must exist? 8. A principle of subrogation is a corollary to the principles of indemnity-Explain.

Insurance & Risk Management (BBA Program) Aminul Haque

9. Briefly discuss the principles of insurance 10. Distinguish between life insurance and other types of insurance. 11. What is Subrogation? 12. Distinction between insurance contract & gambling contract. 13. A contract of insurance is not a wagering contract. Do you agree? Explain. 14. When concealment of facts does not affect a contract. 15. Distinguish between principle of indemnity & principle of subrogation. 16. Describe the different determinates of proximate cause. 17. Who possess the insurable interest? 18. What facts need not be disclosed by the insured in case of utmost good faith? 19. Describe the conditions for indemnity principle. 20. Distinguish between subject-matter of insurance & subject-matter of insurance contracts. Risk 1. What do mean by risk. 2. Distinguish between risk and uncertainty. 3. What is meant by risk management? 4. Describe the functions of risk management. 5. What area the various sources of risk information. 6. Critically examine the various factors affecting risk. 7. Describe the classification of risk. 8. Discuss the risk management process. 9. Discuss the objective of risk management. 10. Examine the Judgmental Method and Numerical rating system of evaluating risk. 11. What are the methods that an insurance company uses to handle risk? 12. Pure risks are always insurable.- Explain. 13. Assess the elements of an insurable risk. 14. Classify insurance from risk point of view. 15. Define risk, chance and probability with example.