LLB 3 Years Sem 6 Law Of Insurance May 2023 Question Paper - Mumbai University | munotes

Questions asked in this paper

• NB: 1. Please check if you have received the correct Question Paper;
• 2. Answer all Questions as per the instructions given;
• 3. Do not reveal your identity or put any signs, markings, inscriptions anywhere on your

1. Q1 Answer Any Six of the following questions (6 X 2 = 12 Marks)
   • a. What is a valued policy?
   • b. What is an adhesion Contract?
   • c. Define Freight Insurance
   • d. What is Jettison?
   • e. What is a Cover Note?
   • f.What are Rights of the Indemnified?
   • g. What are the advantages of a Group Insurance?
   • h. What is Voyage Deviation?
   • i. What is Disability Benefit?
   • j. What is a Double Insurance?
2. Q2 Write Notes on Any Two of the following : (2 X 6 = 12 Marks)
   • a. Seaworthiness of a Ship
   • b. Cargo and Hull Insurance
3. Q3 Answer Any Two of the following questions (2 X 6 = 12 Marks)
   • a. Mr. A was settled in Mumbai with his wife and two children. Mr. A insured his life and nominated his policy in the favour of his father. Mr. A was suffering from Heart problems which was not disclosed to the Insurer. Due to sudden Cardiac Arrest, Mr. A passed away. After the death of Mr. A, his widow and children, claimed their shares of the sum assured from the Insurer as legal heirs of the assured
   • i. What is nomination?
   • ii. With respect to relevant provisions of Insurance laws, discuss the rights of the nominee as to the claim after the death of the assured? ili. Discuss the liability of the insurer in the above case and ascertain who will get the sum assured in the aforementioned case?
   • b. A marine insurance was taken to prevent the loss suffered from the peril of the sea. In course of the voyage, the ventilators of the ship were closed to prevent the entry of the sea water and rain coming in during heavy weather and this closing of ventilators damaged the rice due to excessive Discuss the liability and legal issues in the case Paper Subject Code: 35615 Law of Insurance
   • c. Mrs. Sheela insured her life with HIC 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 favour 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 daughter 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
   • d. Mr. Vinod was an owner of a private car which was insured under a comprehensive policy He was using his car for Tours & Travels without traveling license. His car met with an accident on Bangalore highway and driver along with other two passengers died on the spot
4. Q1 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
5. Q4 Answer Any Two of the following questions : (2 X 12 = 24 Marks)
   • a. What is Social Insurance? Explain its significance and discuss its various forms b Discuss the role, powers and functions of IRDA
   • c. Explain in detail the functions of Life Insurance Corporation of India under the relevant Act
   • d. Explain the conditions and warranties in marine insurance policies Paper Subject Code: 35615 Law of Insurance
   • g. Te ?
   • a. sith
   • b. ser
   • a. ALY, Paper Subject Code: 35615 Law of Insurance
   • d. oft,
   • d. SAT

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