LLM Group 2 Business Law Law Of Insurance 2018 Question Paper - Mumbai University | munotes

Questions asked in this paper

• Please check whether you have got the right question paper

1. Q2 All Questions Carry Equal Marks
2. Q3 Cite Relevant Cases to Support Your Answers
3. Q1 the nature of a contract of Insurance. Examine if it is a contract of indemnity. Also examine if it is a wagering agreement 25 marks
4. Q2 Analyse in detail the following principles in relation to law of insurance- 25 marks
   • a) Uberrima Fides
5. Q3 notes on the following- 25 marks
   • a) Nature, principles and scope of Life Insurance
   • b) Salient features of Personal Injuries (Compensation Insurance) Act, 1963
6. Q4 Write detailed notes on the following- 25 marks
   • a) Perils of the Sea
   • b) Seaworthiness
   • c) Distinction between Hull and Cargo insurance
7. Q5 detailed notes on the following- 25 marks
   • b) Compulsory Insurance
   • c) Kinds of Insurance
8. Q6 in detail “Accident Policies”. How is assessment of compensation and liability done under such policies? What is the effect of contributory negligence on liability? 25 marks
9. Q7 notes on any three of the following- 25 marks
   • a) Objectives of Insurance Regulatory and Development Authority Act, 1999
   • b) Double Insurance and principle of contribution
   • c) Distinction between contractual and legal liabilities under Liability Insurance
   • d) Differences between ‘Subrogation’ and ‘Assignment of right’ to the insurer Paper Subject Code: 70502 Group - II - Bussiness Law - Paper - V - Law Of Insurance
   • Q.P. Code : 29499 Please check whether you have got the right question paper
   • N.B: 1. Answer ANY FOUR Questions
10. Q2 All Questions carry equal marks
11. Q3 Cite relevant cases to support your answers
12. Q1 Analyse the relationship between insurance and the nature of risk. How does alteration in nature or quantum of risk affect the validity of a contract of insurance ? Explain the following in relation to the law of insurance — 25 25 marks
    • a) Subrogation
    • b) Rights and Duties of the Insured
13. Q3 Explain the composition, powers and functions of Insurance Regulatory and Development 25 marks
14. Q4 Analyse and explain the nature, principles and scope of Marine Insurance. Also explain Conditions and Warranties in relation to a Marine Insurance policy 25 marks
15. Q5 Explain the following in relation to property insurance — 25 marks
    • a) Fire Insurance
    • b) Policies covering Burglary, Theft, Civil Commotion or Strikes
    • c) Policies covering ‘accidental loss’ or ‘damage to property’ Explain in detail the composition, functions and powers of the Claims Tribunal. 25
16. Q7 Write short notes on any three of the following : 25 marks
    • a) Re-insurance
    • b) Distinction between Contractual and Legal liabilities under Liability Insurance
    • d) Mediclaim and Sickness Insurance

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