LL.B. (Three Years) Sem 6 Law of Insurance Apr 2025 75/25 Question Paper - Mumbai University | munotes

Questions asked in this paper

• N.B: 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 answer sheets.

SECTION I - Q.1: Answer any six of the following (12 Marks - 2 marks each)

1. Q1 What do you mean by Re-insurance?
2. Q2 What is Burglary Insurance policy?
3. Q3 What is meant by Right to Contribution?
4. Q4 What is Risk?
5. Q5 What is a Contingent Contract?
6. Q6 What is meant by Causa Proxima?
7. Q7 What is Deviation?
8. Q8 What is Barratry?

SECTION II - Q.2: Answer any two of the following (12 Marks - 6 marks each)

1. Q9 Explain the essential features of Insurance Contract.
2. Q10 Explain Cargo and Hull Insurance.
3. Q11 Principle of Reinstatement.
4. Q12 Double Insurance.

SECTION III - Q.3: Answer any two of the following (12 Marks - 6 marks each)

1. Q13 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? (ii) Whether a legal heir of the deceased persons will get the compensation by the Insurance Company? Why?
2. Q14 Mrs. Sheela insured her life with H.I.C 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 favor 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 son 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 assured?
3. Q15 Mrs. Neha Sharma filed an appeal against L.I.C of India for a repudiation of liability under a Policy own by her deceased husband. While taking the Policy, Neha's husband was suffering from fistula for which he was operated two months before taking of the said Policy. He had not disclosed material fact of operation in the proposal form. After issuing the Policy, the husband died within six months. (i) Whether Mrs. Neha Sharma's appeal will be accepted by the Court? Give reasons. (ii) Explain the concept of Subrogation.
4. Q16 Mr. Sundarya 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". Sundarya 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.

SECTION IV - Q.4: Answer any three of the following (39 Marks - 13 marks each)

1. Q17 Explain in detail the functions of Life Insurance Corporation of India under the Act?
2. Q18 What is Voyage Policy? Explain the circumstances in which deviation of voyage is excused.
3. Q19 What are the effects regarding non-disclosure and misrepresentation Life Insurance Policy?
4. Q20 What are the essential features of Fire Insurance? Explain the Rights of the Insurer at the event of fire.
5. Q21 What is Social Insurance? Explain its significance, legal character and various forms in elaborate details.

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