INSURANCE
QUESTION 1
December 2023 Question One C
In relation to the principle of insurable interest, identify FIVE categories of persons who have an insurable interest in the life of other people. (5 marks)
QUESTION 2
August 2023 Question Five A (i)
Describe the following principles:
(i) Utmost good faith with reference to insurance contracts. (2 marks)
QUESTION 3
April 2023 Question Seven B
In relation to the law of insurance, the insurer is not bound to accept the offer, however, if the insurer accepts the offer, it signifies a contractual relationship between the two parties.
With reference to the above statement:
(i) List any FOUR particulars in a proposal form. (4 marks)
(ii) State FOUR ways the insurer may signify acceptance of the proposal form. (4 marks)
QUESTION 4
December 2022 Question Seven B
In relation to the law of insurance, describe FOUR conditions which must exist for an insurer to be entitled to contribution. (4 marks)
QUESTION 5
August 2022 Question Six A
Explain six circumstances under which an insurance contract might be terminated.
(6 marks)
QUESTION 6
April 2022 Question Six C
With reference to the Law of Insurance:
(i) Outline six basic principles that must be met in insurance. (6 marks)
(ii) Identify two types of marine policies. (2 marks)
QUESTION 7
December 2021 Question Seven B and C
(b) Enumerate four documents that might be required to accompany an application to amalgamate or transfer an insurance business. (4 marks)
(c) Identify six types of information to be provided for a life insurance cover. (6 marks)
QUESTION 8
December 2021 Pilot Paper Question Four C
Describe four functions of Insurance Regulatory Authority. (4 marks)
QUESTION 9
August 2021 Question Five C
With reference to insurance contracts, highlight the two principles that ensure the principle of indemnity is fully applicable. (4 marks)
QUESTION 10
August 2021 Question Seven B
Outline four consequences of non-disclosure of material facts in a contract of insurance in your country. (4 marks)
QUESTION 11
May 2021 Question Three A
In relation to the law of insurance:
i) Highlight four essential requirements for the contract to exist. (4 marks)
ii) List six principles of a contract of insurance, apart from the essentials of a valid contract. (6 marks)
QUESTION 12
November 2020 Question Five B
In relation to the law of insurance:
(i) Define the term “subrogation”. (2 marks)
(ii) Discuss the concept of the law of large numbers as a principle of insurance.
(8 marks)
QUESTION 13
November 2019 Question Four B
With reference to the law of insurance
(i) Summarise four circumstances under which the duty of disclosure is justified.
(8 marks)
(ii) Outline four conditions that must be met for the principle of “contribution” to apply. (4 marks)
QUESTION 14
May 2019 Question Seven A
Explain the concept of causa proxima (proximate cause) as a principle of insurance.
(4 marks)
QUESTION 15
November 2018 Question Seven B
Explain four ways in which an insurance contract could be classified. (8 marks)
QUESTION 16
May 2018 Question Seven A
(i) Highlight five duties of an insurer in a contract of insurance. (5 marks)
(ii) State five ways through which an insurance contract might be terminated. (5 marks)
QUESTION 17
November 2017 Question Two B
(i) Summarise three basic principles of insurance. (6 marks)
(ii) Explain the meaning of the principle of double insurance. (4 marks)
QUESTION 18
May 2017 Question Seven A
With specific reference to the contract of insurance:
(i) Highlight six essentials of an insurance contract. (6 marks)
(ii) State four types of marine insurance policies. (4 marks)
QUESTION 19
November 2016 Question Six C
With reference to the law of insurance:
(i) Describe three grounds upon which the duty of disclosure is justified. (6 marks)
(ii) Identify two principles of insurance that support the main principle of subrogation.
(4 marks)
QUESTION 20
May 2016 Question Six B
With reference to the law of insurance:
(i) Distinguish between “perils” and “hazards”. (2 marks)
(ii) Discuss four elements that an insurable risk ought to possess. (8 marks)
QUESTION 21
November 2015 Question Six A
With reference to the law of insurance, explain four grounds upon which the duty of disclosure is justified. (8 marks)
QUESTION 22
Pilot paper 2015 Question Seven A
i) Distinguish between “assurance” and “insurance”. (2 marks)
ii) In every contract of insurance, the insured has a duty to disclose all material information to the insurer at the time of taking out the policy of insurance.
Explain the information that need not be disclosed. (4 marks)
