ELECTIVE PAPER INSURANCE LAW AND PRACTICE cs professional notes
ELECTIVE PAPER INSURANCE LAW AND PRACTICE cs professional notes List out the risk exposures from the experiences of the Olympic Games. (10 Marks) (b) What do you mean by speculative Risk and pure risk? Categorise the risk identified above under speculative risk and pure risk. (10 Marks) (c) Discuss how have the organizers become more professional in managing the risks and explain about the “risk-based approaches” adopted by the organizers of the games. What do you mean by risk based Planning? How can risk based planning help an organisation in combating with risk discussed in above case study? (10 Marks) (e) Discuss different risk management techniques with special emphasis on Insurance. (10 Marks) 2. Answer the following: (a) Discuss the product approval process for non linked insurance products. Highlight the main provisions of laws/regulations governing the approval process for non linked insurance products. (10 Marks) (b) What do you mean by Micro Insurance? State the salient features of Micro insurance in detail along with highlighting the IRDA Regulation on Micro Insurance in its effort for financial inclusion. (10 Marks) (c) Who can be an Insurance Surveyor and Loss Assessor? Highlight the relevant provisions relating to registration, regulation and supervision of Insurance and loss surveyors in India?
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