Question
1. Bottomry and Respondentia Compare and contrast Bottomry and Respondentia. 2. List down at least 5 people you deem should buy or need an insurance
1. Bottomry and Respondentia Compare and contrast Bottomry and Respondentia.
2. List down at least 5 people you deem should buy or need an insurance and explain why you have chosen these people. Example: Parent with minor children. If a parent dies it will be difficult for the abandoned child to acquire caregiving he needs, also considering the financial needs for education, food and shelter.
3. : Fraudulent Claim list an example of a fraudulent claim from a claimant and explain your case.
4.Insurable Interest A farmer owns a tractor. Explain how insurable interest applies if he insures this property.
5. Cite more examples where an insurance is voidable due to misrepresentation. You may use different sources. List as many as possible.
6. Subrogation Discuss the subrogation rights of an insurer, its purposes, importance, and limitations.
7. What is a 'Claim' regarding Life Insurance Contract
8. What are the basic requirements to settle.
a) Death Claims
b) Maturity Claims
9. Jettison Explain why Jettison is accepted and covered by Marine Insurance?
10. : CGLI From a business owner perspective, is there a need to purchase a General Liability Insurance while starting up a business?
11.Reinsurance Explain shortly each reason why there is a need for reinsurance.
12. Car Theft Is Car Theft /carnapping covered by Comprehensive Car Insurance? Explain why.
13. Fire Insurance Who can and who should buy Fire Insurance? Explain your answer.
14. Casualty Insurance Explain thoroughly why there is a need for a) Commercial General Liability and b) Professional Lability Insurance.
15. Engineering Insurance List three (3) broad risks involved why there is a need for Engineering insurance.
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