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

Questions asked in this paper

1. Q1 Explain the basic principles of insurance contract.
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2. Q2 What is risk ? State the scope of risk in different kinds of insurance.
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3. Q3 Define life insurance and discuss various kinds of life insurance.
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4. Q4 Explain duties and rights of insured in fire insurance.
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5. Q5 Explain about third party or compulsory insurance of Motor Vehicles Act.
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6. Q6 Briefly discuss the provisions of Insurance Regulatory and Development Act.
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7. Q7 Discuss about 'Change of Voyage' and 'Deviation'.
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Write short note on any two of the following :

1. Q8 (a) Public Liability Insurance.
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2. Q8 (b) Registration of Insurance Companies.
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3. Q8 (c) Causa Proxima.
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Solve any two of the following problems :

1. Q9 (a) A ship is arrested in England for smuggling activities. Is the insurer liable for the resulting loss ?
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2. Q9 (b) Raju had a life insurance policy which had lapsed due to non-payment of premium. He applied for renewal and there was a question in the renewal policy that whether he had suffered any ailment or had undone any surgery from the date of lapse to the date of renewal. He answered 'No'. Renewal was granted. Later the Insurance Co. came to know that he had a mild cardiac arrest. Insurance Co. wants to avoid liability. Can it do so ?
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3. Q9 (c) 'A' has insured his Godown containing sugar against fire. The sugar is damaged due to heat by furnances. Is such damage covered under the insurance 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.