B.A. LL.B. (Five Years) Sem 8 Insurance Law 2016 Dec Question Paper - KSLU

Questions asked in this paper

1. Q1 Analyse the importance of Insurance Regulatory and Development Authority.
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2. Q2 "Indemnity is the controlling principle in insurance contract, but all insurance contracts are not contracts of indemnity". Discuss.
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3. Q3 Define Insurable Interest with reference to different types of insurances.
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4. Q4 Explain the law relating to assignment and nomination of Life Insurance Policy.
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5. Q5 Explain the powers and procedures of the Motor Accident Claims Tribunal.
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6. Q6 Who can insure the Property against Fire ? Explain the rights and duties of the insurer under Fire Policy.
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7. Q7 Discuss about "Change of Voyage" and "Deviation".
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Write short notes on any two of the following :

1. Q8 (a) Register of Insurance Agent under The Insurance Act, 1938.
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2. Q8 (b) Cattle Insurance.
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3. Q8 (c) Different kinds of Marine Policies.
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Solve any two of the following problems :

1. Q9 (a) 'Bhaskar' a member of Joint Hindu Family takes an Insurance Policy on his life and makes a nomination for the benefits of his wife and children. The premium of the policy was being paid by the HUF Fund. Later 'Bhaskar' dies. Who succeeds to claim the policy amount ? Advice.
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2. Q9 (b) Where a Third Party with an intention to commit suicide deliberately throws himself under a motor vehicle. Can his Legal representative claim for compensation ? Decide.
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3. Q9 (c) 'Vijay' effected an insurance on his goods worth Rs. 1,00,000 against loss or damaged due to fire. Later his wife quarrelled with him and set fire to the goods insured. Is 'Vijay' entitled to be Indemnified under The Policy ?
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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.