B.A. LL.B. (Five Years) Sem 8 Insurance Law 2014 Dec Question Paper - KSLU

Questions asked in this paper

1. Q1 Explain the basic principles of Insurance contracts.
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2. Q2 State the composition and powers and functions of I.R.D.A.(Insurance Regulatory and Development Authority) in India.
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3. Q3 Define Insurable interest. State the Insurable interest in different kinds of Insurance.
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4. Q4 Discuss the composition, powers and functions of Life Insurance Corporation of India.
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5. Q5 Discuss the compulsory insurance of motor vehicles under Motor Vehicles Act, 1988.
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6. Q6 Define Fire Insurance. State the nature and scope of Fire Insurance.
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7. Q7 Discuss the kinds of policies under Marine Insurance.
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Write short note on any two of the following :

1. Q8 (a) Rating of Risks in Life, Fire and Marine Insurance.
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2. Q8 (b) Tariff Advisory Committee
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3. Q8 (c) Assignment of Insurance Policy in Fire, Life and Marine Insurance
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Solve any two of the following Problems.

1. Q9 (a) Madhu received the insurance amount from Life Insurance Company in full and final settlement of his claim. But the company made a delay in payment of the amount state the claim of Madhu.
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2. Q9 (b) Goutham got the fire policy for his goods loss by fire, but goods damaged by natural heating. State the Goutham's right.
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3. Q9 (c) Crew members of the ship obtained certain goods and shipped it without certificate from the authority under law. The goods lost due to perils of the sea. State the liability of the Insurer.
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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.