Page 69 - DCOM309_INSURANCE_LAWS_AND_PRACTICES

Insurance Laws and Practices

Notes 4.8 Review Questions

1. Is insurance a contract? Explain in detail.
2. Define life insurance.

3. What are the different types of life insurance?
4. What are the different types of non-life insurance?
5. Briefly explain the other classifications of insurance.
6. What is proposal form? Explain the purpose of proposal form.
7. Briefly discuss policy form and cover notes.

8. What is certificate of insurance? Explain the major types of certificates of insurance.

Answers: Self Assessment

1. Insurance 2. Insured
3. Risk analysis 4. Insurance
5. Life 6. Term

7. Indemnity 8. Ocean, inland
9. Fraud 10. Unsound
11. Minor 12. Voidable
13. Hull 14. Evidence

15. Incomplete 16. Uninsured

4.9 Further Readings

Books Gulati, Neelam. C. (2011), Banking and Insurance, Excel Books.
Gulati, Neelam. C. (2013), Principles of Risk Management and Insurance, Excel Books.
Krishnaswamy, G. (2009), Principles and Practice of Life Insurance, Excel Books.
Misra, M.N. and Mishra, S.B. (2009), Insurance Principles and Practices, S. Chand
Publication.
Sahoo and Das (2009), Insurance Management: Text and Case, Himalaya Publication.

Online link http://onlinemoneymaking-bna.blogspot.in/2009/08/insurance-
documents.html

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