CS Professional Insurance - Law and Practice PYQ June 2016: Question Paper and Available Answers
CS Professional
3 - Insurance - Law and Practice
PYQS Series
June 2016
15 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional 3 - Insurance - Law and Practice PYQS (June 2016). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Ashwini, aged 30 years, was employed as a supervisor in a bank. On 4th June, 2012, he took two life endowment insurance policies on his life for ₹50,000 each from Prudent Life Insu
- If Ashwini had died on account of an illness, and not in an accident, will the decision of the State Forum be different? Give reasons.
- What are the provisions of the Insurance Act, 1938 regarding the time-limit beyond which the terms of a life insurance policy cannot be questioned?
- What do you mean by 'guaranteed surrender value' in a life policy?
- Can a discontinued life insurance policy be revived by the insured and if so under what circumstances and on what terms?
- Can a disputed claim under a small value life policy (e.g. ₹2,000) be settled in a quick manner?
- If death of the insured under a life policy takes place within two years of its commencement, by way of suicide, will the beneficiary get a claim?
- Hari took a fire insurance cover on his stock of oil-seeds, oil-cakes, etc., while stored in a godown of Class-I construction, for a sum assured of ₹1,50,000 with Zenith General In
- Inder had purchased a bus by taking a hire-purchase loan from Swami Financiers. The bus was used as a private service vehicle and not as a public transport. It was insured under a
- What are the exclusions under a comprehensive motor insurance policy?
- What are the common reasons for the repudiation of claims under motor insurance policies?
- What are the conditions precedent to and subsequent to a fire insurance contract? Discuss.
- What is a unit-linked insurance plan (ULIP)? What is the difference between a protection-cum-savings plan and ULIP?
- Outline the Insurance Regulator's guidelines with respect to financial inclusion.
- Explain the maxim caveat emptor. Does this apply to insurance contracts?
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.