Fidelity gurantee insurance
Distinguish between commercial guarantee and bonds.
Money insurance
List what constitutes Money e.g. Cash, cheque, Postal order etc. that must be insured.
Theft insurance
Define theft insurance;
Explain how theft insurance is arranged under business and private premises.
Fire insurance
Property covered by fire insurance;
Perils covered;
Who buy fire insurance?
Motor insurance
Nature of motor insurance;
Types of motor insurance policy;
Scopes of motor insurance policy.
Subrogation
Explain the principle of subrogation.
State how subrogation rights arise.
Insurance prenium
Define premium;
List the factors to be determined when loading insurance premium;
State reasons for total return of premium
Reasons for partial return premium.
Insurance claims
Analyze the duties of the insured and insurer in processing claims.
Explain the functions of loss assessors and adjusters.
Insurance renewals
State the process of renewals of insurance contracts;
Explain why renewals of contracts.
Reinsurance
Define the meaning of reinsurance;
State forms of reinsurance, facultative and treaty;
Policy document
Explain what is a policy document;
State the component parts of a policy document.
Certificate of insurance
Explain why assurance certificates are issued:
Outline the Insurance contracts where certificate are issued.
Cover note
Itemize the features of cover notes
State the functions and uses of cover notes.
Proposal forms
Explain what is proposal form:
List features of proposal forms:
State the functions of proposal forms.
Contribution
Define the meaning of contribution.
State how contribution may arise
List the application of contribution.
Indemnity
Define the concept indemnity
State Options available to insurers in executing indemnity.
Proximate cause
Define proximate cause.
Explain the effects of proximate cause on claims.
Utmost good faith
Explain the meaning of utmost good faith
State the insured duty of disclosure.
State the insurer duty of disclosure.
List the effects of a breach.
Insurable interest
Explain the meaning of insurance interest.
State the legal requirements of insurable interest.
List how insurable interest arises in a person, other persons, liability and property.
Benefits of insurance
Explain the benefits accruing to the insured
State why insurance is beneficial
Reasons why Insurance would be encouraged.