B.A. LL.B. (Five Years) Sem 8 Insurance Law 2011 Jun Question Paper - KSLU

Questions asked in this paper

1. Q1 (a) Discuss the history and development of Life Insurance in India.
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2. Q1 OR Explain the procedures for the registration of Insurance Companies.
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3. Q1 (b) Write short note on : Composition of Insurance Regulatory and Development Authority.
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4. Q1 OR Write short note on : Re-Insurance.
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1. Q2 (a) Discuss the importance of insurable interest in the contract of insurance.
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2. Q2 OR What is premium ? Under what circumstances it can be recovered back ?
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3. Q2 (b) Anand takes out a policy on the life of his wife and subsequently divorces her. Does policy continue to be valid ?
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4. Q2 OR 'P' insured against fire and burglary in respect of his furnitures and house hold goods etc. in his house on the first floor of a building. There was a burglary and he claimed compensation for the loss of the things insured. The insurer refused the claim on the ground that 'P' did not disclose the fact that there was a burglary in the ground floor of the same building three years back. Is insurer liable ?
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1. Q3 (a) Discuss the circumstances affecting the risk in life insurance.
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2. Q3 OR Explain about third party or compulsory insurance of Motor Vehicles.
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3. Q3 (b) Write short note on : Assignment of life insurance policy.
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4. Q3 OR Write short note on : Public Liability Insurance.
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1. Q4 (a) Explain the meaning of the terms 'Fire' and 'Loss by Fire'.
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2. Q4 OR Discuss about the general conditions in a standard fire policy.
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3. Q4 (b) Window glasses of a shop were insured and policy covered breakages from any risk except fire. A fire occurred in a neighbouring premises and taking advantage of it a mob broke the insured glasses to commit theft. Is insurer liable for the loss of the glass ?
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4. Q4 OR 'X' has insured his house against fire. After, 'X' the vendor, agreed to sell the same house to 'Y', the purchaser. But before completion of the sale the house was burnt down. Is purchaser 'Y' entitled to insurance amount ?
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1. Q5 (a) What is marine insurance ? Explain the kinds of marine policies.
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2. Q5 OR Discuss about "Change of Voyage" and "Deviation".
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3. Q5 (b) The ventilators of a ship were closed to prevent the entry of sea water and rain. This closing of ventilators damaged the rice, which was insured against the perils of the sea, due to excessive heat. Is it a loss due to perils of the sea ?
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4. Q5 OR The master of the ship stored timber on deck and sailed without certificate from the concerned office as required by the law. The timber was lost due to perils of the sea. Is the insurer liable for the loss ?
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Typed from the KSLU paper above. The paper is the original. Long reading passages are shortened here to their first and last lines and a summary.