Ch 7: INSURANCE INTERMEDIARIES, GENERAL INSURANCE, HEALTH INSURANCE AND LIFE INSURANCE — Study Material & Test Yourself

1(a): Insurance Intermediaries

5 Marks

With reference to the latest Institute Study Material curriculum for Risk Management in Banking and Insurance (CMA Final), critically examine the foundational principles, core concepts, and operational framework of 'Insurance Intermediaries'. Elucidate: (i) the primary statutory / regulatory basis; (ii) standard operating procedure and compliance requirements; and (iii) illustrative examples demonstrating practical application.

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1(b): General Insurance

5 Marks

Review the self-assessment and practical guidelines provided in the study material concerning 'General Insurance' under Risk Management in Banking and Insurance (CMA Final). Detail: (i) the substantive criteria and legal thresholds; (ii) the computational methodology and accounting/statutory adjustments; and (iii) the prescribed disclosures in statutory reporting.

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2(a): Concept and Types of Health Insurance Policies

5 Marks

Based on the curriculum learning objectives of Risk Management in Banking and Insurance (CMA Final), analyze the statutory implications of 'Concept and Types of Health Insurance Policies'. Specifically discuss: (i) governing legislative sections, rules, or standards; (ii) rights, liabilities, and duties of concerned parties; and (iii) penal consequences or regulatory remedies in case of default.

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2(b): Structure and Type of Re-insurance

5 Marks

Explain the analytical framework governing 'Structure and Type of Re-insurance' as elucidated in the study material of Risk Management in Banking and Insurance (CMA Final). Your answer must address: (i) key definitions and scope; (ii) statutory exceptions or safe harbor provisions; and (iii) best practice compliance measures.

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3(a): Life Insurance

5 Marks

With reference to the latest Institute Study Material curriculum for Risk Management in Banking and Insurance (CMA Final), critically examine the foundational principles, core concepts, and operational framework of 'Life Insurance'. Elucidate: (i) the primary statutory / regulatory basis; (ii) standard operating procedure and compliance requirements; and (iii) illustrative examples demonstrating practical application.

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3(b): Insurance Intermediaries

5 Marks

Review the self-assessment and practical guidelines provided in the study material concerning 'Insurance Intermediaries' under Risk Management in Banking and Insurance (CMA Final). Detail: (i) the substantive criteria and legal thresholds; (ii) the computational methodology and accounting/statutory adjustments; and (iii) the prescribed disclosures in statutory reporting.

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