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

Questions asked in this paper

1. Q1 Explain the history and growth of Insurance in India.
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2. Q2 Define 'Insurable Interest' and explain the insurable interest in Fire Insurance.
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3. Q3 Discuss the principle of "Utmost Good Faith" under Insurance Contract.
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4. Q4 Explain the kinds of losses in Marine Insurance.
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5. Q5 Who are the persons entitled to the payment of Life Insurance Policy amount ? Explain.
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6. Q6 What is 'Deviation' ? Under what circumstances, it is excused ? Explain.
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7. Q7 Explain the rules governing the assignment of 'Life Insurance' and 'Fire Insurance' Policies.
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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) Grace period and Lapse of Policy
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3. Q8 (c) 'No fault liability' under Motor Vehicles Act.
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Solve any two of the following problems :

1. Q9 (a) Window glasses of a shop were insured and policy covered breakages from any risk except fire. A fire accident occurred in a neighbouring premises and taking advantage of it, a mob broke the insured glasses to commit theft. Is insurer liable for the loss of the glass ?
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2. Q9 (b) A ship, valued at Rs. 50 crores, is insured with 'A' company for Rs. 20 crores and with 'B' company for Rs. 20 crores. If the ship suffers a damage of Rs. 5 crores, what amount can be recovered from 'A' company and 'B' company ?
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3. Q9 (c) Laxmi has insured her jewels against loss by fire. During summer, she kept the jewels in a newspaper and placed them for safety in the fire-place to prevent burglars from noticing them. Later without removing jewels, as she forgot about them, she set the fire and they were burnt and damaged. Is insurer liable for the 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.