CS Professional Insurance - Law and Practice PYQ December 2021: Question Paper and Available Answers
CS Professional
3 - Insurance - Law and Practice
PYQS Series
December 2021
24 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional 3 - Insurance - Law and Practice PYQS (December 2021). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Mr. Vikrant, as a sole proprietor of rice mill running under the head and style of "M/s. Vikrant Enterprises", at village H in Tehsil B, District S, which was financed by PBZ Bank.
- What are the implications of concealment of information by the insured and by the insurer?
- TLP Ltd. is engaged in the business of manufacturing of garments and has been in this business since 1995. The Company has recently got its new building constructed and inaugurated
- Commencing operations in 2006 as Standalone Health Insurance provider, HK Insurance Co. Ltd is providing Insurance services in Health, Personal Accident and Overseas Travel Insuran
- Mr. Deep, resident of Ambala, Haryana, after getting his first job bought new car on 1st Dec. 2020 for ₹10 lakh. He got the same insured from the leading insurer after satisfying h
- Discuss the Admissibility of the claim
- In case any dispute arises, how the same can be resolved?
- M, 30, is an accountant earning ₹60,000 a year. He's married to S, 29, and they have two children aged four and two. S currently stays at home caring for the children. M and S have
- Do you think the company did the right thing by closing the grievance in the given circumstances?
- GN Ltd. is engaged in the manufacture and sale of metalized and coated films and papers. Company is planning to start new manufacturing facility for which project planning has alre
- Discuss about the admissibility of claim and which insurer will bear the loss?
- Do you think any insurance product covers the project before it starts operations? Discuss.
- True Ltd is engaged in the business of manufacturing of garments and has its office in New Delhi. The company is operating from rented premises. Management of the company decided t
- Rohit proposed to purchase Life Insurance Policy (Unit Linked) from XYZ Insurance Co. Ltd. The company asked him to get his medical done for which expenses were borne by the propos
- Calculate the refund amount considering the given information: Sum Insured : ₹100.00 lakh, Premium Paid : ₹1,00,000.00, Units allotted at the time of Policy Issuance: 8,000 @ ₹10.0
- Give brief notes on: Actual Total Loss
- Give brief notes on: Constructive total loss
- Give brief notes on: General average
- Give brief notes on: Particular average
- Give brief notes on: Hit and Run motor accident.
- ABC Insurance Co. Ltd. appointed Mr. X, CEO of the company, as a member of the audit committee. Do you think it is allowed ? Also inform the various functions to be performed by In
- List out the circumstances under which the life insurer may apply, to pay the amount into the court to obtain a satisfactory discharge for the payment of amount payable under the t
- What are various courses of action available to the underwriter when a proposal for insurance is received? Whether underwriter can make any modifications while accepting a proposal
- If a person wants to assign the policy to another person without a valid consideration, what conditions must be fulfilled for an assignment to be valid?
How to Prepare for CS Professional 3 - Insurance - Law and 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.