LLB 3 Years Sem 6 Law Of Insurance Nov 2023 60/40 Question Paper - Mumbai University | munotes

Questions asked in this paper

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1. Q1 Answer Any Six of the Following : 2 X 6= 12 marks
   • a. What is Cargo and Hull insurance ?
   • b. What is Risk ?/ ?
   • c. What do you mean by Double Insurance?
   • d. Who is Actuary ? HT ?
   • e. What are the benefits of medical insurance
   • f. What is Deviation?
   • g. What is a Cover Note Ae ?
   • h. What is total loss in marine insurance?
   • i. What is meant by Causa Proxima?
   • j. Define Uberrima Fides
2. Q2 Answer Any Two of the following 12 marks
   • a. Classification of Marine Insurance Policies
   • b. Principle of Reinstatement dd,
   • c. Doctrine of Subrogation
   • d. Discuss the role of third party under Motor Vehicle Insurance
3. Q3 Answer Any Two of the following : 6 X 2 = 12 marks
   • a. Mr. A and Mrs. X, husband and wife and residing at Kochi take a joint life policy and pay for the policy premium jointly. After taking the Policy, Mrs. X commits suicide and Mr. A claims for the sum assured from the Insurer. The Insurer however contests Mr. A’s claim saying that the husband has no Insurable Interest in the wife’s life. Prat U Paper Subject Code: 35615 Law of Insurance
   • i. What is Insurable Interest ? Is it an essential ingredient in an Insurance Explain giving suitable reasons
   • ii. Does the husband have any Insurable Interest in Explain ? s life'the wife
   • b. Mr. Vinod was an owner of the private car & his car was insured under the comprehensive policy. He was using his car for Tours & Travels without traveling license. His car was met with an accident on Bangalore highway and driver along with other two passengers died on the spot
   • i. Is Mr. Vinod entitled to get the compensation of damaged car? Why? li. Whether a legal heir of the deceased persons will get the compensation by the Insurance Company? Why? ath Ad
   • c. Mr. Vijay made a proposal for the insurance of his house against fire. The method of disclosure was passive disclosure and therefore the insured was required to fill the form accordingly. One of the questions in the proposal form was “whether the house had been previously offered for insurance to any other insurance company, and if so with what results”. Vijay left this question without any answer. The policy was insured and the insurance company, subsequently found that on two previous occasion’s proposals for insuring the house had been rejected. The Insurance Company denied the claim. Decide the liability for the Insurance Company with the help of the relevant case laws. art Paper Subject Code: 35615 Law of Insurance
   • d. Mr. Sandeep was driving a scooter and unfortunately dashes into a person crossing road, both fell down and get severe injuries. Unfortunately, the person crossing road dies at the Hospital. Sandeep, has a driving license, the scooter has a third party insurance and also the driver was not going in any wrong direction. It was an unintentional collision. 4
   • i. What is the procedure followed to solve the case legally ? il. Specify the ways to recover insurance amount from insurance company If they will go to court what could be punishment and penalty to the driver ?
4. Q4 Answer Any Two of the following 24 marks
   • a. Explain about the Claims Tribunals
   • b. Explain Perils of sea in detail
   • c. Explain the conditions and warranties in marine insurance policies
   • d. Explain in detail about the principle of utmost good faith under insurance

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