B.A. LL.B. (Five Years) Sem 8 Insurance Law 2012 Jan Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) Discuss the powers and functions of Insurance Regulatory and Development Authority.
   Read the model answer
2. Q1 OR Discuss about the history of Life Insurance.
   Read the model answer
3. Q1 (b) Write short note on : History of Marine Insurance.
   Read the model answer
4. Q1 OR Write short note on : Registration of Insurance companies.
   Read the model answer

UNIT - II

1. Q2 (a) Explain the principle of "Causa-Proxima".
   Read the model answer
2. Q2 OR Discuss about the classification of Contracts of Insurance.
   Read the model answer
3. Q2 (b) Decide the following case : Rama takes out a policy on the life of Seeta, whom he proposes to marry. Is it valid ?
   Read the model answer
4. Q2 OR Decide the following case : Vinod had a policy of life insurance. Policy lapsed due to non-payment of premium. He applied for the renewal of the policy. In the application form for renewal, one of the questions was whether between the date of lapse of the policy and the application for the renewal of the policy, he suffered from any illness. Vinod answered 'No'. The renewal was granted, but subsequently Insurance Company came to know that during that period Vinod underwent treatment for some skin trouble. Insurance company wants to avoid liability on that ground. Can it do so ?
   Read the model answer

UNIT - III

1. Q3 (a) How is life insurance different from other insurances ? Explain.
   Read the model answer
2. Q3 OR Explain the rules governing the assignment of life insurance policy.
   Read the model answer
3. Q3 (b) Write a short note on : Kinds of Life Insurance.
   Read the model answer
4. Q3 OR Write a short note on : Claims Tribunal under Motor Vehicles Act.
   Read the model answer

UNIT - IV

1. Q4 (a) What is Fire Insurance ? Explain its nature.
   Read the model answer
2. Q4 OR Discuss the doctrines "Subrogation" and "Contribution".
   Read the model answer
3. Q4 (b) Decide the following case. Shobha has insured her jewels against loss by fire. During summer she kept the jewels in a newspaper and placed them for safety in the fire-place to prevent burglars from noticing them. Later without removing jewels, as she forgot about them, she set the fire and they were burnt and damaged. Is insurer liable for the loss ?
   Read the model answer
4. Q4 OR Decide the following case. 'A' has insured his house against fire. Afterwards he only assigned the fire policy to 'B' without transferring any interest in the house. If that house is damaged by fire after this assignment of policy, can 'B' recover the amount under the policy ?
   Read the model answer

UNIT - V

1. Q5 (a) Explain the different kinds of losses in Marine Insurance.
   Read the model answer
2. Q5 OR What is "Deviation" ? Under what circumstances it is excused ?
   Read the model answer
3. Q5 (b) Decide the following case. A ship valued at Rs. 30 crores is insured with 'A' for Rs. 10 crores and with 'B' for Rs. 10 crores. If the ship suffers a damage of Rs. 3 crores, what amount can be recovered from 'A' and 'B' ?
   Read the model answer
4. Q5 OR Decide the following case. A ship is arrested in England for the smuggling activities. Is the insurer liable for the resulting loss ?
   Read the model answer

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.