B.A. LL.B. (Five Years) Sem 8 Insurance Law 2018 Dec Question Paper - KSLU

Questions asked in this paper

1. Q1 Explain the composition and functions of Insurance Regulatory and Development Authority.
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2. Q2 State the rules relating to the assignment of insurance policies.
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3. Q3 Discuss about the persons who are entitled to the payment of life insurance money.
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4. Q4 What is Fire Insurance ? Explain its nature.
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5. Q5 Explain "change of voyage" and "deviation".
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6. Q6 Discuss the doctrines of "contribution" and "subrogation".
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7. Q7 What is warranty ? Explain the different kinds of warranties in marine insurance.
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Write short notes on any two of the following :

1. Q8 (a) Premium
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2. Q8 (b) No fault liability
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3. Q8 (c) Re-insurance and reinstatement
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Solve any two of the following problems :

1. Q9 (a) Some articles, which are insured against fire are damaged by water used for extinguishing fire. Is insurer liable for the loss of those articles ?
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2. Q9 (b) Krishna takes out a life insurance policy on the life of Radha, whom he proposes to marry. Is it valid ?
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3. Q9 (c) Hindustan Insurance Company issued a 'cover note' to Anand in a marine insurance contract. Before issuing the policy, Anand's ship got damaged by perils of the sea. Is Hindustan Insurance Company liable for this loss ?
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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.