QUESTIONS 1. Explain the bases on which aircraft hull policies are written and describe four aircraft hull exclusions (7 Marks) 2. Brian argues that insurance cover is available for all risks while Lauren believes otherwise. Discuss this statement with specific reference to the characteristics of in surable risks.(7 Marks) 3. Indemnity refers to the obligation of the insurer to take back the insured to the same financial position he was in just before a loss. Concisely discuss the factors that limit the payment of indemnity (6 Marks) ASSIGNMENT Briefly explain the following main types of aviation risk - human failure, mechanical failure, communication and navigation failure, hijacking, terrorism and war risks - including their frequency and severity