LLM Group 2 Business Law Law of Insurance Solved Question Papers with Answers 2015 to 2026 - Mumbai University | munotes

Law of Insurance is Paper V of LLM Group II, Business Law, subject code 70502, and the first thing to settle is how many papers this folder actually holds. There are eight uploads but only seven of them are this subject, and those seven contain ten separate printed papers, because three of the scans hold two complete and different question papers rather than one paper over two pages. The 2016 file is Q.P. Code 311400 on page one and Q.P. Code 11868 on page two; the 2018 file is Q.P. Code 29498 and Q.P. Code 29499; and the 2019 file is printer's form 60649 on page one and form 78771 on pages two and three, the third page being the Marathi of the second. All ten are solved here, so the 2016, 2018 and 2019 pages each carry fourteen answers and print each paper's own numerals, restarting at one for the second paper.

The eighth upload, filed in this folder as 2022, is not Law of Insurance at all. All three of its pages belong to Group II Paper I, Fundamental Principles of Law of Contract and Allied Laws, subject code 76014: page one is form 68578 and asks about arbitration, frustration and laissez faire, and pages two and three are form 81067 in English and Marathi on the Indian Contract Act. It is a misfiled upload and not a duplicate, because the Contract folder's own 2022 file holds two different papers again. The practical consequence is that there is no Law of Insurance paper for the 2022 sitting in this folder, and nothing has been solved for that upload.

Marine insurance is set in every single one of the ten papers, and nothing else in the subject comes close. Subrogation appears in nine, fire insurance in eight and life insurance in eight. Below that come accident policies, the nature and types of insurance, causa proxima, insurable interest and double insurance at six each, then uberrima fides, the development of insurance in India, the Claims Tribunal and liability insurance at five, and the regulatory Authority, reinsurance and the alteration of risk at four.

Those counts produce the most useful fact in this note, and it was computed by testing every combination of topics against every paper rather than estimated by eye. No set of five topics is enough to give you four answerable questions on all ten papers. Exactly nineteen sets of six topics will do it, and fire insurance and marine insurance appear in every one of those nineteen, which is another way of saying that neither can be dropped. The most efficient of them is fire, marine, life, liability insurance, accident policies and the Motor Accident Claims Tribunal, which yields at least four answerable questions on every paper and five on four of them, against the four a candidate actually writes.

This examiner reuses whole questions word for word, which is worth more to a candidate than any general advice about coverage. Six substantive stems recur across different papers. The causa proxima and uberrima fides question appears in identical words on three papers spanning nine years, Q.P. Code 15864 of 2015, Q.P. Code 11868 of 2016 and form 86330 sat in May 2025. The accident policies question, with its tail about assessment of compensation and the effect of contributory negligence, likewise appears word for word on three papers, 15864, 11868 and 29498. The Motor Accident Claims Tribunal question is identical on form 60649 of 2019 and form 86330 of 2024-25; the fire insurance and standard fire policy question is identical on Q.P. Code 311400 of 2016 and form 86330; the life insurance nature, principles and scope question is identical on 15864 and 11868; and the Claims Tribunal question is identical on 311400 and Q.P. Code 29499.

The shape has never moved in eleven years: three hours, one hundred marks, seven questions, answer any four, all questions carrying equal marks, which makes every question worth twenty five marks. Only three of the ten papers actually print that figure against each question. Q.P. Codes 15864, 311400, 11868, 29498 and 29499 print 25, and form 86330 prints it in square brackets; forms 60649, 78771, 21144 and 06693 give only the total and the any four rule, so twenty five is the paper's own arithmetic rather than anything invented here. Most papers also instruct you in terms to cite relevant case law, and form 21144 adds that the answers must be in a neat and legible hand.

Read the newest paper first, because it is the only one that breaks the pattern. Form 06693, sat on 6 April 2026, is the sole paper in the folder to ask what a voyage policy is and when a deviation is excused, which is a question answered out of sections 27, 47, 48 and 51 of the Marine Insurance Act, 1963 and out of nothing else; and it is the sole paper to set social insurance in India. A candidate who has prepared only on the older papers will have read a great deal about marine insurance and still not be able to answer either. That paper also runs across two pages that are a continuation and not a translation, questions one to four on the first and five to seven on the second.

One fault in the papers is worth knowing before you revise. Q.P. Code 29498 of 2018 asks, at question three, for the salient features of the Personal Injuries (Compensation Insurance) Act, 1963. That Act was repealed by the Repealing and Amending Act, 2016, two years before the paper was set, along with its companion the Personal Injuries (Emergency Provisions) Act, 1962. The answer here gives the features as they stood, because that is what was asked, and then says plainly that the Act no longer exists and that employment injury is now dealt with under the Code on Social Security, 2020. Two other papers carry the subject's own misspelling in the running head, which prints Bussiness Law throughout.

These are model answers prepared by munotes. They are a study aid and not official University answer keys, which the University of Mumbai does not publish.