LLB 3 Years Sem 6 Law Of Insurance Nov 2016 Question Paper - Mumbai University | munotes

Questions asked in this paper

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

1. Q1 Write answers in one or two lines. es 20 marks
   • (1) Define a contract of insurance
   • (2) What is understood by the term uberrima fides? S$
   • (3) What is suicide clause?
   • (4) Whois actuary?
   • (5) What is understood by assignment of policy?
   • (6) What is meant by contribution?
   • (7) is public provident fund?
   • (8) Define 'motor vehicle’
   • (9) State the of no fault' under Public Insurance Act, 199],
   • (10) What is general insurance?
2. Q2 Write short notes on any four. 20 marks
   • (1) Social Insurance
   • (2) Emerging Trends in insurance
   • (3) Perils of the sea
   • (4) Classification of Policies
   • (5) Priniciple of Good Faith
3. Q3 Answer any two of the foltowing: 12 marks
   • (a) employed with a public company as Vice President He with a road accident while returning from a family trip His right bawd was severely injured and about Rs.17 lacs were spent on His employer had taken out employee Insurance and was reimbursed to Chandrashekhar by the Insurance C ompany recovery he filed Application under Motor Vehicles Act, to recover a Sam of Rs. 17,00,000/- from the owner of the bus and also from the insurer a (i) Can Chandrashekar file claim and receive the amount under the Motor Vehicles Act? Give reasons for you answers
   • (ii) Is Mr. Chandrashekhar guilty of any offence? If yes state the offence
   • (b) "X" tenant of a bunglow owned by Y. X pays rent to regularly. Y did not insure the bunglow and therefore X decided to avail fire insurance policy himself and accordingly took a policy from a reputed insurance company. The policy was issued in the name of "X" and premiums were paid by "X". The bunglow caught fire and loss was assessed at Rs. 50,00,000/- which was within the limits of the sum insured. The insurance company refused to settle the win
   • (i) stand taken by the Insurance Company Valid? Give for your answer
   • (ii) What is the remedy available to "X" under the given
   • (c) Mr. Rahman availed Mediclaim insurance from ABCD company He was a Government employee and not required undergo medical examination. He fell ill and was taken to the while on duty. He was diagnosed of diabetes, which disease not mentioned in the Application form. The Insurance Company to pay the claim
   • (i) What is the remedy available to Mr
   • (ii) Can Mr. Rahman claim damages Insurance Company for refusal to pay the claim?
4. Q4 Answer in detail any four : 48 marks
   • (1) Expalin the essential of an insurance contract
   • (2) Discuss the functions of IRDA
   • (3) Examine the nature of life insurance bringing about the kinds of
   • (4) Explain the under marine insurance
   • (5) Discuss of fire insurance
   • (6) salient features of Public Liability Insurance Act, 1991 UR an ce
   • (2) ae sat :

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