Question A

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Question

A. Explain THREE (3) ways in which a firm can practice funded retention. (9 marks)

B. Outline the various alternatives available to fund workers’ compensation losses. (5 marks)

C. Discuss TWO (2) potential problems a firm may face if self-insurance is chosen to fund

workers’ compensation losses. (6 marks)

(Total 20 marks)

Question 2

A. Discuss why an agent from a Life Insurance Company will have a one-on-one relationship with the Human Resource Manager for a firm. (8 marks)

B. A new intern has been assigned to your Tatil Motor Insurance branch and as the supervisor, you are tasked with training. In no more than THREE (3) paragraphs, explain to the new intern the underwriting function of insurance. (6 marks)

C. Discuss why insurance is usually heavily regulated. (6 marks)