B.A. LL.B. (Five Years) Sem 10 Law of Insurance May 2017 Question Paper - Mumbai University | munotes

Questions asked in this paper

• N.B: (1) Answer all questions. (2) Figures to the right indicate marks.

1. Q.1: Write answers in one or two lines (20 Marks - 2 marks each)

1. (1) What is Insurable Interest?
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2. (2) What is Re-insurance?
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3. (3) What is understood by the term uberrima fides?
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4. (4) State the 'Principle of no fault' under Public Liability Insurance Act, 1991.
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5. (5) Name the different perils of seas.
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6. (6) What is a Premium notice?
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7. (7) What is Fire Insurance Business?
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8. (8) What is Aleatory Contract?
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9. (9) What is discharge of Contract?
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10. (10) What is disability benefits?
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2. Q.2: Write Short Notes on any four of the following (20 Marks - 5 marks each)

1. (1) Benefits of Insurance.
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2. (2) Social Insurance.
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3. (3) Motor Accidents Claims Tribunal.
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4. (4) Principle of Indemnity.
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5. (5) Employer's Liability Insurance.
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6. (6) Controller of Insurance under Insurance Act, 1938.
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3. Q.3: Answer any two of the following (12 Marks - 6 marks each)

1. (1) "X"s claim under the Mediclaim policy was repudiated by the Insurance Company. "X" filed complaint under the Consumer Protection Act, 1986. The claim was repudiated and repudiation communicated to "X" on 01-01-2015. The complaint was filed on 21-03-2017. (i) Is the complaint maintainable before the Consumer Forum? (ii) Is there any period of limitation fixed for filing complaint before the Consumer Forum? If yes, state the period of limitation.
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2. (2) Mr. Vijay was an owner of the private car & his car was insured under the comprehensive policy. He was using his car for Tours & Travels without travelling license. His car was met with an accident on Bangalore highway & driver along with other two passengers died on the spot. (i) Is Mr. Vijay entitled to get the compensation of damaged car? Why? (ii) Whether a legal heir of the deceased persons will get the compensation by the Insurance Company? Why?
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3. (3) Mr. Kumar & his wife each signed a proposal for a joint life policy on their lives & both contributed towards the premium. After the policy was taken the wife committed suicide & the husband claimed the sum assured. The insurer alleged that at the time of taking the policy the husband had no insurable interest in his wife's life. (i) Does the husband have any insurable interest in the life of his wife? (ii) Is Insurable interest a statutory requirement under the Insurance Act? Why?
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4. Q.4: Answer in detail, any four (48 Marks - 12 marks each)

1. (1) Discuss the principles in Public Liability Insurance Act, 1991.
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2. (2) Discuss the role and functions of IRDA.
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3. (3) Discuss the essentials of fire insurance.
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4. (4) Enumerate the seaworthiness of ship.
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5. (5) Explain the doctrine of subrogation and doctrine of contribution. What are the difference between these two doctrines?
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6. (6) Difference between Assignment and Nomination.
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