Академический Документы
Профессиональный Документы
Культура Документы
BM/OCT 2009/INS200
COURSE
COURSE CODE
INS200
EXAMINATION
OCTOBER 2009
TIME
3 HOURS
INSTRUCTIONS TO CANDIDATES
1.
2.
Answer ALL questions from PART A and answer any two (2) questions from PART B in the
Answer Booklet. Start each answer on a new page.
3.
Do not bring any material into the examination room unless permission is given by the
invigilator.
4.
Please check to make sure that this examination pack consists of:
i)
ii)
PART A (6 Questions)
PART B (4 Questions)
CONFIDENTIAL
CONFIDENTIAL
BM/OCT 2009/INS200
PART A
QUESTION 1
Define risk and briefly explain three (3) major types of loss associated with the damage of
property.
(10 marks)
QUESTION 2
State five (5) reasons why Bank Negara of Malaysia (BNM) should regulate the insurance
industry.
(10 marks)
QUESTION 3
a)
b)
c)
QUESTION 4
Write notes on the following forms of reinsurance :
a)
facultative reinsurance
(5 marks)
b)
treaty reinsurance.
(5 marks)
QUESTION 5
Fifidina owns a bungalow and insure her bungalow with insurer X for RM550.000 and insurer
Y for RM400.000. Fire caused a loss of RM400,000 to the bungalow. Calculate how much
each insurer has to pay for the loss.
(10 marks)
CONFIDENTIAL
CONFIDENTIAL
BM/OCT 2009/INS200
QUESTION 6
a)
b)
CONFIDENTIAL
CONFIDENTIAL
BM/OCT 2009/INS200
PARTB
QUESTION 1
a)
Discuss what are the four (4) methods which insurance company can use in
providing indemnity to the insured?
(8 marks)
b)
QUESTION 2
a)
b)
QUESTION 3
a)
What are the four (4) main factors that can influence individuals in their perceptions
between real and perceived risk?
(10 marks)
b)
Using appropriate example, clarify what are the four (4) questions with which hazard
and operability studies (HAZOPS) are concerned?
(10 marks)
QUESTION 4
a)
b)
State four (4) components of premium and explain the purpose of each component.
(12 marks)
CONFIDENTIAL