ACCT424 Saad No1

? The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.

? Assignments submitted through email will not be accepted.

? Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.

? Students must mention question number clearly in their answer.

? Late submission will NOT be accepted.

? Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.

? All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).

? Submissions without this cover page will NOT be accepted.

Assignment Question(s):(10 Marks)

Q1. Discuss methods of setting premium rates in insurance companies (Manual rating, merit rating, judgement rating) (3 Marks)

Answer:

Q2. Identify any two insurance companies in Kingdom of Saudi Arabia and explain any two insurance products offered by them. Your answer should be based on following points:

(4Marks)

i. Name of the Company

ii. Type of Insurance

iii. Premiums

iv. Significant features of the insurance product

Answer:

Q3: Discuss in detail the various functions involved in ?Transaction Cycle? with suitable examples. (3 Marks)

Answer:

2

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