B.A. LL.B. (Five Years) Sem 8 Insurance Law 2022 Apr 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 Define "contract of insurance" and discuss the nature and scope of contract of insurance.
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3. Q3 Discuss the essential elements of fire insurance.
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4. Q4 "Contract of insurance is contract of utmost good-faith." Discuss.
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5. Q5 Explain the general conditions in a standard Fire Policy.
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6. Q6 Explain the different kinds of losses in Marine Insurance.
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7. Q7 Explain 'change of voyage' and 'deviation'.
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Write short note on any two of the following :

1. Q8 (a) History of Marine Insurance
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2. Q8 (b) Claims Tribunal
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3. Q8 (c) Insurable interest.
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Solve any two of the following problems :

1. Q9 (a) The master of the ship stored timber on deck and sailed without certificate from the concerned office as required by the law. The timber was lost due to perils of the sea. Is the insurer liable for the loss ?
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2. Q9 (b) 'X' takes out a life insurance policy on his wife 'Y'. Later he gives divorce to her. State the validity of the policy.
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3. Q9 (c) Nisan insured his sugar in the godown against fire for an amount of Rupees 60 lakhs. In a fire accident his sugar stock worth Rupees 30 lakhs is lost by fire. To what extent insurance company is 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.