LL.B. (Three Years) Sem 6 Law of Insurance Nov 2013 Question Paper - Mumbai University | munotes

Questions asked in this paper

• N.B. (1) Figures to the right indicate full marks
• (2) Answer all questions on separate sheet of the answer paper

1. Q1 Write short answers (not more than two sentences) 20 marks
   • a) an aleatory contract?
   • b) a premium notice?
   • c) What is meaning of ‘Fire’ under Fire Insurance Business?
   • e) was chief agent under the Life Insurance Act 1938?
   • f) Days of grace in terms of policy premium payment?
   • g) What is discharge of contract?
   • h) a disability benefits?
   • i) What is suicide ciause? is General insurance business?
2. Q2 Write short explanatory/ definitional o analyticai answers on any four: - 20 marks
   • (a) Doctrine of Subrogation under Marine Insurance Act
   • (b) Principle of uberrima fides
   • (c) Revival of discounted or lapsed policy
   • (d) Nomination on life insurance policy
   • (e) Controller of Insurance under Insurance Act 1938
   • (f) liability Insurance
3. Q3 Answer any two: - 12 marks
   • (A) Mr. Samarth and his wife each signed a proposal form for a joint life policy on their lives and paid the premium. After issuing the Mrs. Samarth committed suicide due to unavoidable circumstances and the husband claimed the sum assured. The Insurer alleged that at the time of taking the policy the husband had no insurable interest in his wife's life Does the husband have any insurable interest in his wife's life? Please advice Is insurable interest a statutory requirement under the Insurance Act? Why?
   • B. Mr. Ravikumar was an owner of the private car and his car was insured under the Comprehensive Policy. His car was using for tours and travels without traveling license. His car met with an accident on Goa highway and driver along with other three passengers died on the spot
   • l) Is Mr. Ravikumar entitled to get the compensation of damaged car? How? Whether a legal heir of the deceased person will get the compensation by the
   • C. Mrs. Madhuri Padwal filed an appeal against LIC of India for a repudiation of liability under a policy own by her deceased husband. While taking the policy the life assured was suffering from fistula operated two months before taking policy He had not disclosed material fact of operation in the proposal form. After issuing the policy a life assured died within six month Whether Mrs. Madhuri Padwal appeal will be accepted by the Court? Why?
4. Q1 Whether she will be entitled to get any repudiated claim? Did the policy taken by policy holder null and void?
5. Q4 Answer any four questions: 48 marks
   • a) What are the duties, powers and the
   • b) Distinguish between Assignment and Nomination
   • C) Representations and Warranties
   • d) Enumerate the conditions of the policy
   • e) Specify different policies issued under Motor Insurance Act
   • f) What are the essentials required for fire insurance contract?
   • (2) ad Seat
   • (3) ara?
6. Q3 Sat
   • (2) fam HT?
   • (3) aid
   • (3) a are
   • (3) ater fam

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