Insurance Questions and Answers

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different between insurance and assurance

asked Dec 28, 2021 in Business Studies Form 2 by mancyro

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1 answer

Moi High School had covered their school property under fire insurance for a period of five years. Their policy was terminated at maturity. Explain five circumstances which could have led to the termination of the contract.

asked Dec 28, 2021 in Business Studies Form 2 by Chozie

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Explain five roles of insurance in the development of the economy

asked Aug 26, 2021 in Business Studies Form 2 by anony mous

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State four contents of a cover note

asked Aug 25, 2021 in Business Studies Form 2 by anony mous

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Outline four features of an insurable risk

asked Aug 25, 2021 in Business Studies Form 2 by anony mous

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2 answers

State and explain five principles of insurance

asked Aug 24, 2021 in Business Studies Form 2 by anonymous

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Identify any five items of information in an insurance policy

asked Aug 24, 2021 in Business Studies Form 2 by anonymous

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2 answers

Discuss any five circumstances under which an insurer may not compensate the insured in the event of occurrence of a loss

asked Aug 12, 2021 in Business Studies Form 2 by anony mous

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Mr Kigen is the managing director of Mbau furniture ltd. Which has a large, well equipped workshop with expensive machines. The company handles large sums of money. Outline four insurance policies that the company may have

asked Aug 12, 2021 in Business Studies Form 2 by anony mous

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A farmer’s house valued at Ksh. 1,200,000 was insured against fire for ksh. 900,000. Fire occurred and damaged the house causing a loss of ksh. 500,000. Determine the value of compensation due to the farmer.

asked Aug 3, 2021 in Business Studies Form 2 by anonymous

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Explain four insurance policies that the owner of a supermarket may find useful for the business.

asked Aug 3, 2021 in Business Studies Form 2 by anonymous

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2 answers

Joshua insured his vehicle against theft, later the vehicle was stolen in a packing bay. Outline the procedure he would follow when making insurance claim for his vehicle.

asked Aug 3, 2021 in Business Studies Form 3 by anonymous

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Highlight four reasons that compel an insurance company to re-insure.

asked Jul 16, 2021 in Business Studies Form 2 by anonymous

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Benefits enjoyed by a person who decides take out life assurance

asked Jul 15, 2021 in Business Studies Form 2 by exx

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