B.A. LL.B. (Five Years) Sem 10 Law of Insurance Apr 2025 75/25 Question Paper - Mumbai University | munotes

Questions asked in this paper

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Q.1 Q.1: Answer any six of the following (12 Marks - 2 marks each)

1. (a) What do you mean by Re-insurance?
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2. (b) What is Burglary Insurance policy?
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3. (c) What is meant by Right to Contribution?
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4. (d) What is Risk?
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5. (e) What is a Contingent Contract?
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6. (f) What is meant by Causa Proxima?
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7. (g) What is Deviation?
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8. (h) What is Barratry?
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Q.2 Q.2: Answer any two of the following (12 Marks - 6 marks each)

1. (a) Explain the essential features of Insurance Contract.
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2. (b) Explain Cargo and Hull Insurance.
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3. (c) Principle of Reinstatement.
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4. (d) Double Insurance.
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Q.3 Q.3: Answer any two of the following (12 Marks - 6 marks each)

1. (a) Mr. Vinod was an owner of the private car & his car was insured under the comprehensive policy. He was using his car for Tours & Travels without traveling license. His car was met with an accident on Bangalore highway and driver along with other two passengers died on the spot. (i) Is Mr. Vinod 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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2. (b) Mrs. Sheela insured her life with H.I.C Insurance Co. and in letters of contract it was provided that the policy was to become unenforceable if the assured would cause her own death before the policy has been in existence for one year. The assured after one year assigned the policy in favor of her daughter and 8 months thereafter she committed suicide out of disgust. Mrs. Sheela was in her complete senses and sound state of mind while committing suicide. The son filed a suit as assignee to claim the amount of the policy. Decide whether the Insurer Company is liable to pay the amount in case of suicide by the assured?
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3. (c) Mrs. Neha Sharma filed an appeal against L.I.C of India for a repudiation of liability under a Policy own by her deceased husband. While taking the Policy, Neha's husband was suffering from fistula for which he was operated two months before taking of the said Policy. He had not disclosed material fact of operation in the proposal form. After issuing the Policy, the husband died within six months. (i) Whether Mrs. Neha Sharma's appeal will be accepted by the Court? Give reasons. (ii) Explain the concept of Subrogation.
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4. (d) Mr. Sundarya made a proposal for the Insurance of his house against fire. The method of disclosure was passive disclosure and therefore the insured was required to fill the form accordingly. One of the questions in the proposal form was "whether the house had been previously offered for insurance to any other insurance company, and if so with what results". Sundarya left this question without any answer. The policy was insured and the insurance company, subsequently found that on two previous occasion's proposals for insuring the house had been rejected. The Insurance Company denied the claim. Decide the liability for the Insurance Company with the help of the relevant case laws.
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Q.4 Q.4: Answer any three of the following (39 Marks - 13 marks each)

1. (a) Explain in detail the functions of Life Insurance Corporation of India under the Act?
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2. (b) What is Voyage Policy? Explain the circumstances in which deviation of voyage is excused.
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3. (c) What are the effects regarding non-disclosure and misrepresentation Life Insurance Policy?
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4. (d) What are the essential features of Fire Insurance? Explain the Rights of the Insurer at the event of fire.
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5. (e) What is Social Insurance? Explain its significance, legal character and various forms in elaborate details.
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