LL.B. (Semester IV) (CBCS) Examination Mar/Apr-2018
INSURANCE LAW
Time: 2½ Hours
Max. Marks: 70
Instructions: All questions are compulsory. Figures to the right indicate full marks
Q.1
Multiple choice questions:
14
In Marine Insurance the open policy is also called policy.
Blanket
Named
Block
Floating
It is compulsory for to insured against risk of third party liability.
Employee
Driver
Motor owner
None of them
When policy is taken for a definite period of time in marine insurance, it is called policy.
Valued
Voyage
Mixed
Time
Motor Vehicle Act passed in
1956
1963
2000
1939
To cover of losses and cover of inland losses is given by a Clause Warehouse to Warehouse.
Social
General
Marine
None of them
AT and FORM clause is included in policy to specify the time from which risk of the Insurance Company Commences.
Social Insurance
Life Insurance
Marin Insurance
None of them
Pension Insurance is involved as a part of insurance.
Marine
Life
Social
None o them
The Life Insurance Corporation of India came into force from
1947
1976
1956
1966
insurance is a contract by which insurance company agree to pay specific money to the person after expiry of the period mentioned in the contract or on the death of insured person whichever is earlier.
Life
Marine
Public liability
None of them
10) Husband and wife both have insurable interested in each other, they can insure each other in insurance.
Life
Marine
Accident
None of them
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SLR-HF-58
11) Deliberate wrong doing by are included in marine insurance.
Employee
Insurer
Owner
None of them
12) A darker scheme involved in insurance in India.
Social
Life
Marine
None of them
13) Unemployment insurance is related to insurance.
Land owner
Social
Marine
Life
14) Issue of policy document by the insurance company to the insured is the step of the process of taking life policy.
First
Last
Second
None of them
Q.2
Explain the role and functions of Insurance Regulation Authority.
14
Q.3
Explain the emerging legislative trends of insurance.
14
OR
Explain important elements in social insurance its need.
Q.4

Write any
08
Settlement of claim and payment of money
Co-operative insurance (Motor-vehicle Rules)
Various schemes under Public Liability Insurance

Explain Unemployment Insurance.
06
Q.5
Write any seven:-
14
Public Provident Fund (Define)
List the name of Authorities under public liability insurance
Occupational diseases
Sickness insurance
Perils of the sea
Meaning of settlement of claim and payment of money in Life Insurance
Assignment of the subject matter
Jeevandhara Policy
Stack and Rao Scheme for wage earner
Define Workmen's compensation