B.A. LL.B. (Five Years) Sem 8 Insurance Law 2022 Mar Question Paper - KSLU

Questions asked in this paper

1. Q1 (a) Explain the classification of Contract of Insurance.
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2. Q1 (b) Write short notes on : Period of mushroom growth of Life Insurance in India.
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1. Q2 (a) Analyse the importance of Insurance Regulatory and Development Authority.
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2. Q2 (b) Write short notes on : Re-Insurance.
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1. Q3 (a) "The validity of any insurance contract depends on the existence of insurable interest". Discuss.
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2. Q3 (b) A lady renewed a policy of insurance on jewellery which belonged party to husband had been he convicted of two crimes involving dishonesty in the year before. She did not disclose these convictions of her husband when seeking renewal. Insurance company wants to avoid liability. Can it do so ? Decide.
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1. Q4 (a) Define risk. Explain rating of risks in life, fire and marine insurance.
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2. Q4 (b) Gowrov an insurance policy-holder assigned his policy to Goutham by endorsing upon the policy. But that assignment of policy from Gowrov to Goutham was not informed to the Insurance Company. Whether notice to the insurer is necessary for the validity of the assignment ?
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1. Q5 (a) 'The role of a nominee is only as a receiver and custodian' - Comment.
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2. Q5 (b) Write short notes on : Medical Insurance.
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1. Q6 (a) 'Injury caused or arising out of the use of the vehicle'. Discuss.
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2. Q6 (b) Write short notes on : 'Hit and run' in motor accident.
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1. Q7 (a) Explain the meaning of the terms 'Fire' and 'Loss by Fire'.
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2. Q7 (b) A retail shop in which newspaper, tobacco and confectionery were usually sold was insured against fire and explosion by a compound retail shop owner cover the policy. Deepavali fire works were kept in a box. Fire started in the box and was explosion damaging the shop. Whether insurer is liable for such damage ? Decide.
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1. Q8 (a) Trace out the History of Crop insurance in India.
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2. Q8 (b) Guru took fire insurance policy against his shop for a one year from 05-03-2005 on 05-03-2006 at 7 p.m. his shop got destroyed by fire completely. Can Guru claim policy money from insurance company ? Advice.
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1. Q9 (a) What is marine adventure ? How marine policy can be assigned ?
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2. Q9 (b) Flemming owned two ships insured under Marine Insurance. There was collision between two ships belong to Flemming, for the fault of one of the ship. As a result both ships are damaged. Whether, Flemming can recover indemnity from insurance company. Decide.
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1. Q10 (a) What is 'Perils of the Sea' ? What are the Perils insured in a marine policy ?
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2. Q10 (b) Royal Sundaram Insurance Company issued a "cover note" to Akshay in a marine insurance. Whether contract is enforceable under a "cover note" ?
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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.