Risk Management and Insurance

              Assignment Name Risk Management and Insurance Assignment Code BAF
              311 Semester Fall 2017 Institution Emirates College of Technology,
              Dubai
            

Assignment#1

Question 1

A. Define the following:

1- Single limit
2- Split limit:

B. What are the meanings of the following split limits?

1. 500/1000/250:
2. 250/300/75
3. 100/200/0

Question 2

Calculate the liabilities coverage in the following cases:

1. Mohammad is the named insured and borrows Ahmad’s car with his permission. Mohammad has $100,000 of liability insurance and Ahmad has a $150,000 limit. Both policies will cover any loss. Mohammadnegligently injures another motorist and must pay damages of $200,000.
2. Mohammad is the named insured and borrows Ahmad’s car without his permission. Mohammad has $100,000 of liability insurance and Ahmad has a $150,000 limit. Mohammad negligently injures another motorist and must pay damages of $200,000.

Question 3

A. What are the Medical Payments Exclusions
B. What are the certain duties that required form the insured after an accident directly?