B.A. LL.B. (Five Years) Sem 8 Insurance Law 2019 Dec Question Paper - KSLU

Questions asked in this paper

1. Q1 Discuss the history and development of Life Insurance in India.
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2. Q2 "A contract of Insurance is a contract of utmost good faith." Explain.
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3. Q3 Define Life Insurance. Explain the various kinds of life insurance policies.
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4. Q4 Define fire insurance. Discuss about 'insurable interest' in fire insurance.
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5. Q5 Explain the various kinds of policies in marine insurance.
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6. Q6 What is premium ? Under what circumstances it can be recovered back ?
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7. Q7 Who can apply for compensation under the Motor Vehicles Act, 1988 ? State the procedure.
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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) Composition of Insurance Regulatory and Development Authority.
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3. Q8 (c) Principle of subrogation.
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Solve any two of the following problems.

1. Q9 (a) 'A' has insured his house against fire. After 'A', the vendor, agreed to sell the same house to 'B', the vendee. But before completion of the sale, the house was burnt down. Is 'B', the vendee, entitled to insurance amount ?
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2. Q9 (b) A ship belonging to India is captured in England for the struggling activities. Is the insurer liable for the loss ?
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3. Q9 (c) Shankar takes out a life insurance policy on his wife. Later he gives divorce to her. State the validity of 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.