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Introduction of Insurance

 Define insurance. Give a brief description about the different types of

insurance.
 Discuss the function of insurance.
 Describe the nature of insurance.
 Principles of insurance.
 State the scope of insurance.
 Discuss the role of insurance in the Economic Development of Bangladesh/Role
& importance of insurance.
 Discuss the problems & prospects of insurance industry in Bangladesh.
 Discuss about the brief history & present pattern of insurance in Bangladesh.
 Define assurance. Explain - “Insurance is a contract of indemnity.”
 Difference:
(a) Insurance & Gambling.
(b) Insurance & Assurance.
 Do you think that insurance can reduce risk? Give reasons.
 What are your suggestions for bringing effectiveness in insurance management
in Bangladesh?
 Explain the distinctive features of insurance & gambling.

Principles of Insurance

 Describe the various principles of insurance contract.

 Distinction between insurance contract & gambling contract.
 “Proximate cause is not very essential in case of life insurance contract” Explain.
 “A contract of insurance is not a wagering contract”. Do you agree? – Explain.
 When concealment of facts does not affect a contract.
 What do you mean by insurable interest? What are the essentials of a valid
insurable interest?
 Distinguish between principle of indemnity & principle of subrogation.
 Describe the different determinates of proximate cause.
 Who posses the insurable interest?
 What are the essentials of doctrine of subrogation?
 What facts need not be disclosed by the insured in case of utmost good faith?
 Describe the conditions for indemnity principle.
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 Distinguish between subject-matter of insurance & subject-matter of insurance
contracts.

Reinsurance
 Define reinsurance.
 Describe the reasons/purpose for reinsurance.
 Describe the different types of reinsurance.
 Distinguish between “Excess of loss & Excess of loss ratio”.
 Consider a hypothetical example’s of excess of loss treaty.
 What is a proportionate form of reinsurance?
 (a) A company has an 8-line surplus treaty. The retention of the company is Tk
10,000. A risk of Tk 1,00,000 has been proposed. Assuming that the required
facultative arrangement could be made, how the risk would be distributed?
(b) Under the above arrangement how a loss of Tk 10,000 would be
shared?

Risk
 What is risk? Critically examine the various factors affecting the risk. From
where these information of risk obtained.
 Examine the judgment method & numerical rating system of evaluating risk.
 Types of risk.
 Discuss the objectives of risk management.
 What are the sources of risk information & approaches to risk management?
 How risk is determined in life insurance?
 Describe with examples the risks that human being face for their life &
property. Discuss in brief role does insurance play in order to face these risks.
 Describe those factors regarding which case should be taken in taking the risks
for indemnification.
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Life Insurance

 What is life insurance? Classification of life insurance.

 Describe the features of life insurance contract.
 Describe the essential elements of life insurance contract.
 What are the conditions for the purpose of life insurance policy?
 Define premium. What are the factors governing the rate of premium in life
insurance?
 Describe the different methods for premium calculation of premium.
 “The policies are freely assignable in case of life insurance”. Discuss.
 “Life insurance is insurance against dying too soon & endowment insurance is
insurance against living tool long” - Explain.
 Both protection & investment factors are present in life insurance” - Explain.
 Define annuity. Discuss the different types of annuities.
 Difference between annuity contracts & life insurance policies.
 Distinguish between life insurance & other types of insurance.
 What is mortality table? Discuss the features of mortality table.
 Draw an imaginary mortality table taking 5 years into consideration.
 The risk can be measured by the mortality rate in life insurance.
 What are the different types of mortality table?
 Define Net Single Premium (NSP). What are the assumptions underlying
premium calculation.
 Write down the steps for calculation of premium.
 What is reserve? How is reserve created & for what is it created?
 “Reserve is to determine solvency” – Discuss in the light of insurance fund.
 How do you calculate the terminal reserve at the end of 2nd year?
 How would you determine different insurance interest in life insurance?
 Distinguish between level premium annuities & single premium annuities.
 Calculate the level premium taking imaginary number, considering 3 years of
insurance.

Marine Insurance

 What is marine insurance? Classification of marine insurance.

 Classification of marine insurance policy.
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 What are the essential elements of the standard policy?
 Describe the various types of marine perils.
 What are the subject-matters of marine insurance? Explain briefly.
 What is meant by marine loss? Explain different types of marine losses with
example.
 Describe the documents that are generally required for the payment of claims
under marine insurance.
 What risks are usually covered under marine insurance policy?
 Distinguish between general & particular average loss.
 Distinguish between total & partial loss.
 What are the essential features of marine insurance contract? Explain.
 Discuss the procedure of making a claim for total loss in marine insurance.
 Discuss how the Insurable Interest, Utmost Good Faith & Indemnity are
applicable to Marine Insurance.
 What is premium of marine insurance returnable?
 What are the procedures of adjusting marine insurance losses?
 Discuss the procedures of settlement of claims.
 What do you mean by warranties? What are the important warranties in marine
insurance?
 How is the extent of liability determined by the insurer?
 What do you mean by valuation? State the process of valuation.

Fire Insurance
 What is fire insurance? Discuss the different types of fire insurance
policies.
 Discuss the function of fire insurance.
 Which element is essential in case of fire insurance & why?
 Discuss the renewal, cancellation & assignment of fire insurance policy.
 What do you mean by moral hazard & physical hazard in fire insurance policy
& discuss how they influence in assessing the risk?
 What are the causes of fire? Which cause is more important in fire
insurance & why?
 What is a fire waste? What are its causes?
 How is premium determined in fire insurance policy?
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 Discuss the role of fire insurance in the economic development of a
country/State the important of fire insurance.
 Explain the method of claiming losses & settlement of claim in fire insurance.
 Illustrate methods of claims payment under fire insurance with example.
 Explain the drawbacks of fire insurance in respect of Bangladesh.
 Explain the claim payment in case of fire insurance.
 Discuss the features of fire insurance contract
 “Assignment is set possible in fire insurance” Comment.
 Explain – Estoppel, Adjuster, Waiver & Estoppel.

Created by, Russel (DIIT)

&
Composed by, Sojib (DIIT)