LLB 3 Years Sem 6 Law Of Insurance Nov 2015 Question Paper - Mumbai University | munotes

Questions asked in this paper

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

1. Q1 Write short answers (not more than two sentences) 20 marks
   • a) What is construction of policy?
   • b) What is General Insurance business?
   • c) What is Inchmaree clause? Who was a chief agent under the Life Insurance Act 19387? 9)
   • e) What is children money back policy?
   • f) What is meant by seaworthiness?
   • g) What is a Premium notice? Pa
   • h) Main conditions of Children Endowment policy?
   • i) What is disability benefit?
   • j) What is suicide clause?
2. Q2 ‘Write short explanatory/ definitional or analytical answers-on any four: -20
   • a) Proposal form of Life Insurance
   • b) Assignment under section 38 of the Insurance Act 1938
   • e) of Subrogation under Fite Insurance Contract
   • f) on Motor 3; Answer any two:- 12
   • (A) taken a policy of Life Insurance on the life of his daughter, who was a minor. The date on which the risk under the policy was to commence, had however been back dated request for taking advantages at option. The premium was paid from the back date to the issue of the policy. The policy contained claim 4B mentioned that in the result of intentional self injury, suicide or on or after the date on which the risk under the policy has commenced, but before the expiry of the three years from the of this. policy liability shall be limited to the sum equal to the total amount. of premiyms. The life assured minor committed suicide. A lodged a .claim for the whole sum from the date of policy commencement for which his daughter's life had been insured Whether a father can file a suit against Corporation even after ready to pay the actual payment of the premium paid by him? Is Corporation liable to pay whole sum claimed by respondent as per the commencement date of policy? Why? F (B) The policy was issued on October 28, 1988.and it was valid upto October 27, 4989. The Motor Vehicles Act, 1988 (hereinafter referred to as New Act) came into force on July 1, 1989, and the accident occurred on September 4, 1989, after the New Act came into force but before the expiry of a policy in force
   • j. Whether a claimant will be entitled for to get the claim? Why? ii, Does a New Act limit the liability of insurance companies to payment compensation to extent specified in the
   • (C) Mrs. Alka Desai filed an appeal against LIC of India for a repudiation of liability under a policy own by her deceased husband. While taking the policysthe life assured was suffering from kidney problem and gave a false declaration that he had not suffered from.any ailment etc. After issuing the Policy a life Whether Mrs. Alka Desai appeal will be accepted by the Court? Why?
   • ii. Whether she will be entitled to get any repudiated claim? Did the policy by policy holder null and void? a
3. Q4 Answer any four: - Discuss in brief the formation of Life Insurance ll. What are the rights of Policy holder inéase of nomination? What are the different perils of the Enumerate Insurable Interest undér the Fire Insurance Contract 48 marks
4. Q5 Discuss the jurisdictions, and functions of the What are the different policies issued under Motor Vehicle Contract?

Read from the scan above, so a character or two may differ. The scan is the original.