Short Suggession of MGT 412: Insurance and Risk Management

     

MANARAT INTERNATIONAL UNIVERSITY (MIU)

Department of Business Administration (DBA)

Program: BBA. Semester: Fall-2011.

Course Title- MGT 412: Insurance and Risk Management

Ø  “Insurance is defined as a cooperative device to spread the loss caused by a particular risk”. How?

Ø  Mention the common characteristics found in different types of insurance.

Ø  Can insurance be considered as gambling? Why or why not?

Ø  Write short notes on Bangladesh Insurance Academy.

Ø  “If we analyze the gradual development in the sphere of insurance, we shall come across certain common features associated with such development.” Justify this statement.

Ø  What does public property mean according to the Section 23 of the Insurance (Amendment) Ordinance, 1984?

Ø  Compare the insurance contract with the contract of the sale of goods in light of the principles of Uberrima Fides.

Ø  Recall the facts, which are required to be disclosed and which are not.

Ø  Can anybody insure anything that he sees around? Who can insure and what?

Ø  Summarise the cases where insurable interest exists.

Ø  What do you know about the Principle of Indemnity? Explain with a suitable example the two condition of average.

Ø  The Principle of Indemnity is not followed strictly as the usual appreciation and depreciation is not taken into account. Justify this statement.

Ø  Justify this statement. Recall the four methods of providing indemnity.

Ø  Briefly summarise the Principle of Subrogation.

Ø  When the Principle of Contribution operates?

Ø  With regard to playability or otherwise of a claim, certain rules of proximate cause should be noted carefully. Explain the statement.