Master of Law (LL.M.) Group 2 Business Law Law of Insurance 2023 Question Paper - Mumbai University | munotes
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Solved paper All 7 questions answered in full Exam-ready answers, the reasoning behind each one, and what the examiner is looking for. Open the solutionsSECTION I - Form 21144. Answer any four questions, all questions carry equal marks, answer in neat and legible hand writing, quote relevant case laws where necessary (any four of seven) 100 Marks
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1. Explain the Need for Insurance? Discuss different types of Insurance in detailRead the model answer
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2. Explain the following
- a. Double Insurance
- b. Insurable Interest
- c. Subrogation
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3. Explain the Nature and Scope of Fire Insurance? Discuss the term and conditions of Standard Fire Policy?Read the model answer
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4. Explain in detail distinction of Contractual and legal liabilities under Liability InsuranceRead the model answer
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5. Discuss the Importance of Life Insurance. Explain the Principles of Life InsuranceRead the model answer
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6. Explain the "Conditions' and "Warranties" in marine InsuranceRead the model answer
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7. Write short notes on ANY THREE
- a. Contributory Negligence
- b. Hull Insurance
- c. Accident Insurance Policy
- d. Seaworthiness
- e. Liability Insurance
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