B.A. LL.B. (Five Years) Sem 8 Insurance Law 2015 Dec (70 marks) Question Paper - KSLU

Questions asked in this paper

1. Q1 Explain the provisions of Insurance Act, 1938 relating to registration, cancellation and renewal of registration of Insurance Business.
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2. Q2 Discuss the basic doctrines of Insurance.
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3. Q3 Discuss the composition, powers and functions of Life Insurance Corporation of India.
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4. Q4 Define Fire Insurance. Explain the nature and scope of fire insurance.
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5. Q5 Explain the kinds of losses in marine insurance.
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6. Q6 Explain the provisions of compulsory insurance of motor vehicles under Motor Vehicles Act, 1988.
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Write short notes on any two :

1. Q7 (a) Premium
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2. Q7 (b) Nomination
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3. Q7 (c) Agricultural Insurance.
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Solve any two :

1. Q8 (a) 'X' a KSRTC conductor having no driving licence, driven a bus and met with the accident which caused death of 10 passengers of the bus. Is insurance company liable to pay compensation ?
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2. Q8 (b) 'X' insured some of the goods against fire, subsequently he agreed to sell those goods to 'Y' and agreement was executed accordingly. Before the performance of the agreement the goods were destroyed by fire. Can 'Y' succeed in claiming the insurance amount.
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3. Q8 (c) 'M' has taken Life Insurance Policy and mentioned the name of his wife as nominee. After his death, his wife considered herself as the absolute owner of the claim amount. Other legal representatives challenged the action of wife. Decide.
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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.