CS Professional Insurance - Law & Practice PYQ June 2024: Question Paper and Available Answers
CS Professional
2 - Insurance - Law & Practice
PYQS Series
June 2024
18 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional 2 - Insurance - Law & Practice PYQS (June 2024). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Mr. Anand, when he was celebrating his 36th birthday on 2nd January in the year 2020 with his friends', discussions went on protecting their families with insurance coverages. Late
- Is there any relevance of implications of section 45 of the Insurance Act (As amended by the Insurance Laws (Amendment) Act, 2015 related to this case ?
- In the present case does the loss of policy document absolve the insurer from the liability of payment of policy proceeds ? Is there any way to resolve the loss of document and wha
- Whether Mr. Anand is entitled to receive the bonus amounts on any of the two policies? What is the difference between interim bonus and terminal bonus ?
- Whether Mr. Anand gets guaranteed returns as assured by Insurance Agent in Unit Linked Insurance Policy ?
- Mr. Karan, a 45 years old who smokes and has a history of Hypertension, is applying for a Term Life Insurance Policy at "Secure Life" Insurance Company. He is also exposed to occup
- Recommend one Underwriting adjustment to address this risk while ensuring the Policy remains fair.
- Time value of money is different in different time periods. It may be due to inflation, uncertainty, opportunity cost and effect of tax etc. It is very important to understand accu
- "Life Secure Insurance Company" aims to overhaul its Anti-Money Laundering (AML) Practices. Considering the importance of Customer Due Diligence, Ongoing Monitoring, Suspicious Act
- There are so many Standard Clauses or Policy wordings to protect the Health Insurance Policyholder. Is there any specific clause which allow Policy Holder to Transfer from one insu
- Explain "Average Clause" term in Insurance Agreements.
- A Commercial Building which has been insured for ₹6 crores, but Insurance Premium has been paid on a Sum Insured of ₹3 crores only. There is a Loss of ₹2 Crores Worth of Property d
- Explain Insurable Interest in Insurance Agreements.
- Mr. Anupam is the owner of the Commercial Building. He Insured that Building on 1st May, 2023. He sold that building to Mr. Kartik on 25th September, 2023. The fire took place on 2
- Analyze a scenario where "Global Marine Limited" is vulnerable to different types of Maritime Fraud. Suggest how varied fraudulent activities could affect the company and recommend
- As a Company Secretary for "Green Harvest Insurance Company" you are tasked with designing a New Crop Insurance Scheme to better protect farmers against the unpredictable nature of
- In all Liability Claims "Negligence is the Root Cause". Do you Agree? What are the Liabilities which require Compulsory Insurance for Third Party Risks ?
- Aviation Insurance is a Specialized Insurance, Gaining Popularity these days. Do you know what are the usual covers offered under Aviation Insurance ?
How to Prepare for CS Professional 2 - Insurance - Law & Practice
Use past questions to practise the paper format and review available answers. Check the current syllabus, applicable law and examination duration before attempting a timed paper.