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

Questions asked in this paper

UNIT - I

1. Q1 (a) Discuss the state control of Insurance business in India.
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2. Q1 OR Explain the history and growth of Insurance in India.
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3. Q1 (b) Insurance Market.
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4. Q1 OR Investment of Life fund.
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UNIT - II

1. Q2 (a) What is Premium ? What is the effect of non payment of premium on the policy ? What reliefs are provided against the forfeiture of the policy for non-payment of premium.
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2. Q2 OR What is assignment of an insurance policy ? State the rules relating to assignment of policies in contract of Insurance.
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3. Q2 (b) Decide the following case : Goutham an insurance policy holder assigned his policy to Guru by endorsing upon the policy. But that assignment of policy from Goutham to Guru was not informed to the Insurance Company. Whether notice to the insurer is necessary for the validity of the assignment ?
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4. Q2 OR Decide the following case : Ranjith insured on wheat in his warehouse against fire. He sold the wheat to a company of which he was the sole substantial share holder. Thereafter most of the wheat destroyed by fire and he demanded that he should be indemnified. But the insurance company refused to indemnify the loss. Can the Insurance Company do so ?
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UNIT - III

1. Q3 (a) Who are the persons entitled to payment of Life Insurance money ?
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2. Q3 OR What are the contents of Life Insurance Policy ?
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3. Q3 (b) Write short note on : Nature of Life Insurance
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4. Q3 OR Write short note on : Compulsory Insurance of Motor Vehicles.
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UNIT - IV

1. Q4 (a) What are the characteristics of Fire Insurance ?
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2. Q4 OR What are the contents of a Fire Policy ? State its scope.
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3. Q4 (b) Decide the following case : Gowrov insured his car with Galaxy Insurance Company, later with another company called Moon Insurance Company. Gowrov's car become liable in damage to a motor cyclist. Which insurance company is liable to compensate the loss to motor cyclist ?
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4. Q4 OR Decide the following case : Santhosh insured his sugar in the godown against fire for an amount of Rs. 50 lakhs. In a fire accident his sugar stock worth of Rs. 38 lakhs lost by fire. To what extent insurance co. is liable for the loss.
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UNIT - V

1. Q5 (a) What are the excluded losses under the Marine Insurance.
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2. Q5 OR Explain the various kinds of policies in Marine Insurance.
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3. Q5 (b) Decide the following case : The rats grawed a hole in a pipe and sea water entered damaging the cargo of wheat and there was no negligence on the port of the carrier. Whether insurance company is liable for the loss ?
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4. Q5 OR Decide the following case : The policy on a ship on a round voyage from Mumbai to Chennai. But from Chennai to Mumbai she neglected to take sufficient coal as its fuel to reach Mumbai and as a consequence she had to burn some her fittings and cargo as fuel and claimed the loss. Whether insurer is liable for such a 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.