LL.B. (Three Years) Sem 6 Law of Insurance Apr 2025 60/40 Question Paper - Mumbai University | munotes

Questions asked in this paper

SECTION I - Q.1: Answer in two or three sentences, any 6 (12 Marks - 2 marks each)

1. Q1 What is Re-insurance?
2. Q2 What is an adhesion contract?
3. Q3 What is Hull and Cargo Insurance?
4. Q4 What is General Insurance business?
5. Q5 Who is an Actuary?
6. Q6 What is Risk Management?
7. Q7 What is disability benefit?
8. Q8 Explain the doctrine of subrogation in insurance law.
9. Q9 State the "principle of no-fault" under the Public Liability Insurance Act, 1991.
10. Q10 What is alteration of risk?

SECTION II - Q.2: Short Notes, any 2 out of 4 (12 Marks - 6 marks each)

1. Q11 Uberrima Fides.
2. Q12 Seaworthiness.
3. Q13 Principle of Indemnity.
4. Q14 Motor Accidents Claims Tribunal.

SECTION III - Q.3: Answer situational questions with reasons, any 2 out of 4 (12 Marks - 6 marks each)

1. Q15 Ramesh purchased a health insurance policy by declaring himself to be in good health. However, he had been undergoing treatment for a chronic heart condition, which he failed to disclose. Two years later, he suffered a heart attack and filed a claim. The insurer rejected the claim, citing non-disclosure of material facts. (i) Is the insurer justified in rejecting the claim? (ii) What principle of insurance is applicable here?
2. Q16 Kiran had a motor insurance policy that covered accidental damages. One evening, after consuming alcohol at a party, she drove her car and met with an accident. When she filed a claim, the insurer rejected it, stating that the policy excluded coverage for accidents caused under the influence of alcohol. (i) Is Kiran entitled to claim insurance? (ii) Discuss how exclusion clauses in insurance policies affect claims.
3. Q17 Akash purchased a life insurance policy but failed to pay the premium due in March. He intended to make the payment later but met with an accident in April and passed away. His family approached the insurer for the claim, but the insurer denied it, stating that the policy had lapsed due to non-payment of premiums within the grace period. (i) Can Akash's family claim the sum assured? (ii) How does the concept of policy lapse and revival apply here?
4. Q18 Mr. Arvind had insured his house against fire. Due to a short circuit, a fire broke out and damaged the property. The insurer rejected the claim, stating that the wiring was old and poorly maintained. (i) Can the insurer deny the claim on the ground of poor maintenance? (ii) Explain the role of the doctrine of proximate cause in deciding such cases.

SECTION IV - Q.4: Answer in detail, any 2 out of 4 (24 Marks - 12 marks each)

1. Q19 What is Marine Insurance? Elaborate the Conditions and Warranties in a Marine Insurance Policy.
2. Q20 Discuss the evolution of Insurance. Explain the regulatory framework of the Insurance Sector in India.
3. Q21 What is insurance? Discuss the general principles that lay the foundation of insurance laws.
4. Q22 What is 'loss by fire'? Explain the importance, characteristics, and principles of Fire Insurance.

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