Page 320 - DMGT303_BANKING_AND_INSURANCE

Unit 14: Marine and Motor Insurance

9. Distinguish between general average loss and particular average loss. Notes
10. Write short notes on the following:
(i) Voyage Policy
(ii) Floating Policy

(iii) Wagering Policy
11. Explain various fire insurance policies in detail.
12. "Much of the increase in the cost of medical care can be attributed to unnecessary and
undesirable over utilization of health services, often prompted by the existence of
insurance." Do you agree or disagree? What policy provisions have been designed to
control over-utilization of health services?
13. What is accident insurance? Explain the relevant provisions.
14. Define health insurance. Briefly trace the history of health insurance in India.

Answers: Self Assessment

1. Marine 2. Express
3. Insurable Interest 4. Doctrine

5. Underwriter 6. False
7. True 8. False
9. True 10. Mumbai

11. Static 12. Partial
13. Health 14. 45

14.14 Further Readings

Books Ahmad, Khurshid, et al. "Long Term care: An Insurance Industry Perspective,"
Journal of the American society of CLU/ChFC, 62 (March 1992).

Beam, Burton T., Jr., and John J. McFadden. Employee Benefits, 4th ed. Brookfield,
Wis.: Dearborn Financial Publishing, Inc., 1996.
Black, Kenneth, Jr., and Harold D. Skipper, Jr. Life Insurance, 13th ed., Englewood
Cliffs, N.J.: Prentice-Hall, 2000. Chapters 19,20.

Online links www.uiic.co.in

www.icicilombard.com
www.royalsundaram.in
www.icicilombard.com
www.managedcaremag.com/

www.uiic.co.in

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