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

Questions asked in this paper

UNIT - I

1. Q1 (a) Define contract of Insurance. Discuss the nature of the insurance contract.
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2. Q1 OR Discuss the functions and benefits of insurance.
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3. Q1 (b) Write short note on : Whether insurance policy is a public document ?
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4. Q1 OR Write short note on : 'Insurable Interest'.
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UNIT - II

1. Q2 (a) "Contract of insurance is a contract of utmost good faith" Elucidate.
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2. Q2 OR What is Risk ? State the scope of risk in different kinds of insurance.
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3. Q2 (b) Decide the following case. City Insurance Company has issued a life policy to Shankar. Later the company increased the premium of the policy and asked Shankar to pay the premium. Can the company does so?
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4. Q2 OR Decide the following case. Goutham has taken a Medical policy with National Assurance Company. He made a litigation with the company for the claim. Subsequently he applied for renewal of his policy, but the company refuse to renew the policy on the ground that he made a litigation against the company. Can company refuse to renew the policy ?
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UNIT - III

1. Q3 (a) Define Life Insurance, discuss the various kinds of Life Insurance.
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2. Q3 OR What are the circumstances which affect the risk under Life Insurance ?
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3. Q3 (b) Write short note on : Amounts recoverable under life policy.
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4. Q3 OR Write short note on : "No fault liability" under Motor Vehicles Act.
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UNIT - IV

1. Q4 (a) What are the rights and duties of parties in fire claims ?
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2. Q4 OR Discuss the rules relating to the amount recoverable by the insured in Fire Insurance.
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3. Q4 (b) Decide the following case. Sharan a gunny trader obtained insurance for his stock worth of Rs. 50 lakhs and Oriental Insurance Company issued the fire policy to him for the same. While the contract was in force the entire stock of gunnies was destroyed by fire, the surveyor had recommended payment, higher than the value of the policy, but national commission for readdressal of consumer dispute without relying on the surveyor's report awarded a compensation less than the policy amount can national commission do so ?
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4. Q4 OR Decide the following case. Kareem insured his house against "such loss or damage as should or might be occasional by fire". There was an explosion of gun powder on ignition in a factory situated 500 feet away from the insured house which caused damage to windows and window frames. But house was not set on fire. Whether insurer is liable for such damage caused to the insured ?
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UNIT - V

1. Q5 (a) What is 'Perils of the sea' ? What are the Perils insured in a marine policy ?
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2. Q5 OR Explain the express and implied warranties in marine insurance.
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3. Q5 (b) Decide the following case : Kiran shipped the goods at his own risk. The goods were washed away, the ship owner disclaimed liability on the ground that they were booked at the owner's risk. Whether insurer is liable for the loss of goods ?
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4. Q5 OR Decide the following case : Royal Insurance Company issued a "cover note" to Shankar in a marine insurance. Whether contract is enforceable under a "cover note" ?
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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.