LL.B. (Three Years) Sem 6 Law of Insurance Nov 2014 Question Paper - Mumbai University | munotes

Questions asked in this paper

• Figures to the right

1. Q1 - Write short answer (not more than 2 sentences) What do you mean by freight, under marine Insurance 1963? 20 marks
   • b) What is fund under Act
   • c) is inchamaree clause? Whatis lapse of policy? What is the meaning of days of grace?
   • f) What is valued policy?
   • g) What is aleatory contract?
   • h) What is the meaning of Reinsurance? What is. general
2. Q2 - short explanatory/ definitional o analytical on any four,
3. Q4 Seaworthiness of a ship Difference between Assignment of contract of Assignment of the insurance policy
   • f) & fire
   • A) Mr. was an owner of the private oar & his insured under the comprehensive policy. He was using his car for Tours & Travels with out.traveling was mét with an accident on Pune Highway & driver along with other two passengers died on the spot Mr. Sadashiv entitled-to get the compensation damaged car?
4. Q2 * Whether a legal heir.of the deceased persons will get the compensation by the Insurance. Company? Why? Smt. Vimla, widow of Shri Vikas who has taken a policy of Insurance for 2002. While taking the policy life assured did disclosed material fact from cancer & had been faking treatment Smt. Vimld intimated the insurer about the. death of her husband & demanded payment of claim Isan insurer liable to pay the full claim to the widow or premiums paid to LIC of india? What are the grounds for it?
5. Q2 Whether the court can upheld the principle that when a contract.is bad on of fraud? How? Pokale & his wife each signed a proposal for a joint life policy on both contributed towards the premium. After the policy was taken the committed suicide & the husband claimed the sum assured. The insurer alleged that at the taking the policy the husband had no in his Does the husband have any insurable interest in.the life of is insurable statutory requirement under the
   • a) Explain the nature of fire Contract Explain the doctrine of subrogation and doctrine of contribution. What are the Explain in detail establishment, power and functions of
   • d) What ere the different modes of discharge of cortract of Representation and warranties What are the different kinds of perils of the seas?

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