Insurance and Risk Management Question papers

OLD K R PURAM BRIDGE

Recently I saw the old bridge being demolished. The above is an artist's impression of the old bridge made of limestone compositions built some where in the 1860's. This bridge has been out of service since 2000 AD  and a new cable bridge created after some four years of construction.

The picture above was drawn by me.

K R Puram and the K R PURAM Govt. School

The ITI Zoo

Inside the ITI complex there is a Zoo..or at-least it used to be called one. I was enticed into visiting it as a student at school. One afternoon some friends of mine accosted me into believing there was a full time Zoo inside the ITI complex about which I was unaware of....Largely excited about visiting a Zoo at that age embarked upon a mis adventure of missing half day classes at school with the aim of seeing the Zoo.

This Zoo what my cronies were talking about was a thick set of vegetation adjacent to the temple near ITI circle and only had a couple of jackals in few enclosures and nothing more and could be a not so habitable place for a lad...though the entire place looked well-looked-after. Suddenly I found myself in the predicament of whiling away some five hours at a place which was anything but a Zoo.

Basically I was mis led into an adventure that too bunking school for one afternoon. Though there may not be anything very serious about this anecdote there is a lesson in it for Parents and young kids alike around the World ..the possibility of being mis led into something especially during fledgling years only to feel aghast about later..a victim of lack of experience and such instances can have rarely some kind of more serious consequences. Parents must be careful and protect their wards from mischief mongers whose victim some school going child could become a victim of..though prima facie the error would point to a kid who forays into such adventures for no primary fault of his.

The ITI Park

Somewhere in the heart of ITI is the ITI park a very well designed and maintained outfit and a jewel of the township. The entire park would be the size of a football field a part of it called the Children's Park.

The ITI park in many ways was maintained on International lines and would over-look the Chairman;s residence the Chairman's house itself having another park of its own. For many years the ITI park housed many kinds of birds and small animals in enclosures and also had a central dome like structure. For many years there used to be a museum inside the park.

One of the unique features of the ITI park was that it housed many kinds of plants and trees and had a well designed fountain system.

Who ever conceived and designed this park deserves praise and veneration that he thought it befitting to put up such a highly advanced green-spot within an industrial empire.

My experiments with Dramatics at Calicut

Somewhere there are events in my life that I try at times to come to terms with..one such is my foray into dramatics and back. CAMPART was a festival at Rec Cali cut where various student bodies take part and resulting in my being forced to act in a play and basically make a fool of myself. It was in 1985 Manjeet Singh Rekhi offered me and forced me into a role at Campart..in the last scene I have to come as a Doctor ..sit on a corner chair and laugh for some three minutes..I did it but was not very good..and thereupon came the determination to develop this activity. Rec  Calicut helped me develop myself in various dimensions..Dramatics being one such field the other fields being Yoga, sports and body building.

hotel maharani Calicut

Many of the youth festivals at REC were places where creativity flowed abundantly..it must be seen to be believed. Some plays were just impromptu narrations of some random kind extending for half an hour. Such events would be full of humor largely coming from the spontaneity rather than a well thought-of scripts.

Having failed at my earlier attempt I was looking for a chance to perform better and to some surprise a Kannada association of banks landed up at REC requesting that we do some kind of play at Hotel Maharani at Cali cut..and we rehearsed for it and did a very splendid job and I was a key character in one of the plays. Needless to say REC developed me and us in many ways and such exposures being one such platform. At around 12 in the night we students found ourselves returning from the event and many of the Kannada students..some thirty five in all would remember this..coming to REC through the medical college route.

At the end of the day REC Cali cut of our times left on us some intense impression and blend of skills that came from various quarters. Were they all worth? I have no answer but circumstances of those times swayed me more than anything else into such events..and some where I found in them an opportunity for self development and growth.

IRDA INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY

14. DUTIES, POWERS AND FUNCTIONS OF AUTHORITY.--(1)           Subject to the provisions of this Act and any other law for the time being in force, the Authority shall have the duty to regulate, promote and ensure orderly growth of the insurance business and re-insurance business.

(2)           Without prejudice to the generality of the provisions contained in sub-section (1), the powers and functions of the Authority shall include, -

                (a) issue to the applicant a certificate of registration, renew, modify, withdraw, suspend or cancel such registration;

                (b) protection of the interests of the policy holders in matters concerning assigning of policy, nomination by policy holders, insurable interest, settlement of insurance claim, surrender value of policy and other terms and conditions of contracts of insurance;

                (c) specifying requisite qualifications, code of conduct and practical training for intermediary or insurance intermediaries and agents;

                (d) specifying the code of conduct for surveyors and loss assessors;

                (e) promoting efficiency in the conduct of insurance business;

                (f) promoting and regulating professional organisations connected with the insurance and re-insurance business;

                (g) levying fees and other charges for carrying out the purposes of this Act;

                (h) calling for information from, undertaking inspection of, conducting enquiries and investigations including audit of the insurers, intermediaries, insurance intermediaries and other organisations connected with the insurance business;

                (i) control and regulation of the rates, advantages, terms and conditions that may be offered by insurers in respect of general insurance business not so controlled and regulated by the Tariff Advisory Committee under section 64U of the Insurance Act, 1938 (4 of 1938);

                (j) specifying the form and manner in which books of account shall be maintained and statement of accounts shall be rendered by insurers and other insurance intermediaries;

                (k) regulating investment of funds by insurance companies;

                (l) regulating maintenance of margin of solvency;

                (m) adjudication of disputes between insurers and intermediaries or insurance intermediaries;

                (n) supervising the functioning of the Tariff Advisory Committee;

                (o) specifying the percentage of premium income of the insurer to finance schemes for promoting and regulating professional organisations referred to in clause (f);

                (p) specifying the percentage of life insurance business and general insurance business to be undertaken by the insurer in the rural or social sector; and

                (q) exercising such other powers as may be prescribed.