B.A. LL.B. (Five Years) Sem 8 Insurance Law 2021 Oct Question Paper - KSLU

Questions asked in this paper

1. Q1 What is Insurance ? State the insurance Legislations in India.
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2. Q2 Explain the Fundamental principles of Insurance.
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3. Q3 Discuss the powers and functions of Insurance Regulatory and Development Authority Act 1999
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4. Q4 State the nature and scope of Motor Vehicle Insurance.
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5. Q5 Explain the nature of Life Insurance Contracts.
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6. Q6 Define 'Fire Insurance'. Discuss the essential characteristics of fire Insurance Contracts.
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7. Q7 Explain the kinds of Marine Insurance Policies.
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8. Q8 Discuss the concept "No one can claim out of his own crime." - Explain with the help of decided cases.
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9. Q9 Explain about the 'claims Tribunal' under the Motor Vehicles Act, 1988.
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Write short note on any two :

1. Q10 (a) Life Annuity Contract.
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2. Q10 (b) Kinds of Fire Policies.
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3. Q10 (c) Warranties in Marine Insurance.
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Solve any two of the following problems :

1. Q11 (a) The ship 'Virat' was insured against total loss. The ship was sink in sea and the insurer pays the value in full. If the ship is subsequently salvaged whether the insurer is entitled to the sale proceeds of wrecked ? Decide.
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2. Q11 (b) The walls of the Cinema Hall collapsed because of fire destroying the attached shops. Whether insurer is liable for the loss of the walls of Cinema Hall ? Decide.
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3. Q11 (c) 'A' borrowed the amount from 'B'. B has taken the insurance on the life of 'A'. Can 'B' take the insurance on the life of 'A' ? Decide.
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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.