B.A. LLB. (Semester VIII) (CGPA) Examination Nov/Dec-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
A Cover note is receipt issued by the insurer.
final
money
an interim
all of these
Issue of policy by insurer to insured is the step of the process of taking policy.
last
first
second
middle
Double insurance is the insurance of with more than one insurer.
Two insureds
A insured
Same risk
Life
General insurance contract is
not an indemnity contract
quasi-contract
contract in general
contract of indemnity
is the formal document which evidences the contract of insurance which has been formed by mutual agreement between the parties.
Cover note
Receipt of premium
Policy
Proposal form
Premium is the for the risk involved in the insurance.
Z
receipt
subject matter
consideration
all of these
Risk means
adventure
fortuitous act
compensation
none of these
Life insurance means the business of effecting contract of insurance upon
human life
life of animals
shops
vehicles
General principle of is not applicable in case of contract of insurance.
Uberrima-fides
Utmost good faith
Estoppels
Caveat-emptor
10) Doctrine of Uberrima fides is applicable to
All branches of insurance
Life insurance
Non-life insurance
Vehicle insurance
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SLR-HJ-61
11) When policy is issued for particular voyage from one part to another part then it is called as policy.
floating
voyage
valued
vehicle
12) Delay can be
punishable
excused
not excused
all of these
13) Insurance is contractual arrangement where one party agrees another party for losses.
to give priority
to compensate
to give money
all of these
14) The burden of proving a loss by perils is on
insurer
insured
both insured insurer
crew
Q.2
What is insurable interest? Explain the types of insurable interest.
14
Q.3
State the composition, duties powers functions of IRDA
14
OR
Give the classification of contract of insurance.
Q.4

Write short notes:- (any
08
Cover note
Doctrine of subrogation
Endowment policy paid-up policy

Write note on assignment of insurance policy.
06
Q.5
Answer in short:- (Any
14
Requirements of valid assignment.
Commencements duration of risk
Define premium
What do you mean by standing offer?
Explain the term, 'Terms of Policy'.
Explain the term, 'Repayment'.
Define 'Life Insurance'.
When life insurance contract is concluded?
Define 'Marine Insurance.'
Explain the term, 'Collision'.