LLB 3 Years Sem 6 Law Of Insurance Apr 2011 Question Paper - Mumbai University | munotes

Questions asked in this paper

• N.B. (1) Figures to the right indicate full marks
• (2) Answer all questions on separate sheet of the answer paper

1. Q4 Write short answers (not more than two 20 marks
   • (b) What is a Special meaning of word Fire under Fire Insurance Act ?
   • (c) How much term is applicable for Motor Insurance Policy ?
   • (d) Whatis days of grace in terms of policy premium payment ?
   • (f) What is a Maturity of policy ?
   • (g) Whatis discharge of Contract ?
   • (h) Contract ?
   • (i) Cargo Insurance ? ‘Lost and clause’ ?
2. Q2 Write short explanatory definitional or analytical answers on any four : 20 marks
   • (a) Doctrine of Subrogation
   • (b) Suicide clause
   • (d) Average clause of a Fire Insurance
   • (e) ‘Controller of Insurance’
   • (f) Liability Insurance
3. Q3 Answer any two i (a) Mr. Smith and his wife each signed a proposal for a joint life policy on their lives and both contributed towards the premium. After the policy was taken the wife committed suicide and 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 life 12 marks
   • (i) Does the husband have any insurable interest in his wife's life ?
   • (ii) Is insurable interest a statutory requirement under the Insurance
   • (b) The General Insurance Company agreed to indemnify M/s. Reliable Estate, the owner of the building. The policy contained clause which stated that it provided indemnity only in respect of events occurring during the period of insurance two months prior to the commencement of the policy a burst of the main pipe occurred. This burst caused damage to the building during the period of the policy. M/s. Reliable Estate claimed damage from
   • (i) When does Insurer liable for making the payment ?
   • (ii) What are defenses available to the Insurance Company ? When does the Insurer risk come to an end ?
   • (c) Mr. Ramchandran was an owner of the private car and his car was insured under the Comprehensive Policy. He was using his car for tours and travels without traveling license. His car was met with an accident on Goa Highway and driver along with other three passengers died on the spot
   • (i) Is Mr. Ramchandran entitled to get the compensation of damaged
   • (ii) Whether a legal heir of the deceased persons will get the compensation by the Insurance Company ? Why ?
4. Q4 Answer any four :— 48 marks
   • (a) Explain in details ‘Utmost good faith’
   • (b) Enumerate the conditions of the policy
   • (c) essential required for Fire Insurance Contract ?
   • (d) What are the features of Marine Insurance Contract ?
   • (e) Specify different policies issued under Motor Insurance Act
   • (f) State the role of D.A

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