Goa Board Class 12 Question Paper June 2019 Insurance II

2019 VI 12 1430 Seat No.

Time : 2 Hours INSURANCE-II
Subject Code

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

INSTRUCTIONS : (i) Answer each questions on a fresh page.

(ii) Write the number of the question and sub question
clearly.

(iii) All questions are compulsory.

(iv) Figures to the right indicate full marks.

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

(i) The cover granted under fire insurance policy is regulated
by..............................

(a) Warranty

(b) Terms

(c) Endorsement

(d) Conditions.

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

(i) State any one example of social peril.

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

(i) Enumerate the methods of indemnification.

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

(i) Explain any five features of arbitration with reference to standard

fire policy.

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

statement and rewrite the same : 1

(i) The clause that refers to the consideration under General Insur-

ance contract is........................................

(a) Operative clause

(b) Recital clause

(c) Attestation clause

(d) Schedule clause.

(B) Attempt the following in one sentence : 1

(i) What is short landing certificate ?

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

(i) Elucidate any three documents required to settle particular average

claim.

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

(i) State and explain different types of Marine Insurance Policies.

Or

Enumerate the procedure involved in settlement of Marine In-

surance claims.

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

(i) State the year in which the Motor Vehicle Act was passed.

(B) Attempt the following in one sentence : 1

(i) What is the moto of Loss Prevention Association of India ?

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

(i) Narrate the significance of personal accident policy for school going

children.

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

(i) What are the risks covered under money in transit policy ?

Or

Enumerate the various benefits available under health insurance.

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

(i) Name the party appointed when assignee is minor with reference

to life insurance contract.

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

(i) Write a note on ‘‘Authority Letter.’’

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

(i) State any four sections of policy documents under life insurance.

(D) What is Loan-cum revival scheme ? 2

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

(i) Explain the advantages of salary savings scheme.

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

(i) Enumerate the term ‘‘Risk Premium’.

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

(i) What is Vested Bonus ?

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

(i) Elucidate the significance of Married Women’s Property Act under

Life Insurance.

(D) What is ‘‘Tontive Bonus’ ? 2

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

(i) What are the rights provided under Consumer Protection Act, 1986.