Goa Board Class 12 Question Paper Mar 2019 Insurance II _New Syllabus_

2019 III 12 1000 Seat No.

Time : 2 Hours INSURANCE-II
Subject Code (New Syllabus)

V 2 3 5
Total No. of Questions : 5 (Printed Pages : 4) Maximum Marks : 50

INSTRUCTIONS : (i) Answer each question an a fresh page.

(ii) Write the number of the questions and sub-questions
clearly.

(iii) All questions are compulsory.

(iv) Figures to the right indicate full marks.

(v) Use of calculator is not allowed.

1. (A) Choose the correct alternative from those given below to complete the
statement and rewrite the same : 1

(i) The uniform policy conditions were formulated in the year.............

(a) 1923

(b) 1933

(c) 1943

(d) 1953.

(B) Attempt the following in one word/phrase or figure : 1

(i) State one example of Social Peril.

(C) Attempt the following in about 50-60 words : 3

(i) What are the direct consequences of fire ?

(D) Attempt the following in about 150-160 words : 5

(i) Under which circumstances the insurer can elect to re-instate the

damaged property ?

2. (A) Choose the correct alternative from those given below to complete the

statement and rewrite the same : 1

(i) The Marine Insurance Act was passed in the year.............................

(a) 1983

(b) 1993

(c) 1973

(d) 1963.

(B) Attempt the following in one sentence : 1

(i) What does L.P.A.I. stand for ?

(C) Attempt the following in about 50-60 words : 3

(i) State any three documents required to settle Marine Cargo Claim.

(D) Attempt the following in about 150-160 words : 5

(i) Explain the different types of marine losses.

Or

State and explain different types of Marine Insurance Policies.

3. (A) Attempt the following in one word, phrase or figure : 1

(i) State the minimum age required to drive transport vehicle as per

Motor Vehicle Act.

(B) Attempt the following in one sentence : 1

(i) Name the Authority constituted by the government to settle the

claim cases of road accident.

(C) Attempt the following in about 50-60 words : 3

(i) State any three types of losses covered under money in transit

policy.

(D) Attempt the following in about 150-160 words : 5

(i) What are the various benefits available under Health

Insurance ?

Or

Explain the different types of Disabilities under Personal Accident

Insurance Policy.

4. (A) Attempt the following in one sentence : 1

(i) State the maximum amount of death benefit available under one

or more policies under life insurance contract.

(B) Attempt the following in about 30-40 words : 2

(i) State the various sections of a policy document.

(C) Attempt the following in about 30-40 words : 2

(i) Write a note on Special Revival Scheme.

(D) What is the significance of Authority letter under Salary Savings

Scheme ? 2

(E) Attempt the following in about 50-60 words : 3

(i) Distinguish between Assignment and Nomination (Any three
points).

5. (A) Attempt the following in one word/phrase or figure : 1

(i) What is level premium ?

(B) Attempt the following in about 30-40 words : 2

(i) Enumerate Interim Bonus.

(C) Attempt the following in about 30-40 words : 2

(i) State the features of final (Additional) Bonus.

(D) State the Grievances solved by OMBUDSMAN under Life Insurance
Contract. 2

(E) Attempt the following in about 50-60 words : 3

(i) State any three IRDA regulations for settlement of Life Insurance
Claim.