LLM Group 2 Business Law Law Of Insurance 2024-25 Question Paper - Mumbai University | munotes

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SECTION I - Form 86330. Answer any four questions, all questions carry equal marks, support your answers by citing relevant case laws (any four of seven) 100 Marks

1. 1. Analyze in detail the principles of 'Causa Proxima' and 'Uberrima Fides' in relation to the law of insurance. Cite relevant cases.
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2. 2. Explain Policies covering the risk of 'earthquake', 'flood', 'accidental loss' and 'damage to property' in relation to Property Insurance
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3. 3. Explain the nature and scope of Fire Insurance. What are the general conditions in a 'Standard Fire Policy'?
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4. 4. Discuss the Importance of Life Insurance. Explain the Principles of Life Insurance Contracts.
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5. 5. Analyze and explain the nature and scope of Marine Insurance. Also, explain Seaworthiness in the context of Marine Insurance Policies.
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6. 6. Explain the composition, functions and powers of Motor Accident Claims Tribunal. What is its role in relation to third-party insurance claims in cases of motor vehicle accidents?
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7. 7. Write Short Notes on any two of the following:
   • a. Double Insurance
   • b. Subrogation
   • c. Insurable Interest
   • d. Significance of Risk in insurance
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