LL.B. II (Semester IV) (CGPA) Examination, 2017
Insurance Law
Day Date: Wednesday, 03-05-2017 Max. Marks: 70
Time: 02.30 PM to 05.00 PM
N.B.: All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Multiple choice questions: 14
A cover note is an receipt issued by the insurer.
Interim Final
Money All of these
Delay can be
Excused Not excused
Punishable None of these
When the policy is issued for particular voyage from one part to
another part then it is called as policy.
Floating Voyage
Valued None of these
Pension insurance is a part of insurance in India.
Life Marine
Motor Social
insurance is contract of certainty payment of the policy
amount is certain.
Fire Marine
vehicle Life
Unemployment insurance scheme is related to
Life Illness
Land owner None of these
Issue of policy by insurer to insured is the step of the
process of taking policy.
Last Third
First Best
Jeevandhara policy is related to insurance.
Fire Marine
Public liability insurance Social
Page 1 of 2
SLR-G-67
As per Motor Vehicle Act, it is compulsory for motor owner to insure
against risk of party liability.
First Second
Third None of these
10) Life insurance means the business of effecting contract of
insurance upon
Cattles Vehicles
Human life All of these.
11) The burden of providing a loss by perils is on
Insurer Insured
Both insurer insured Crew
12) Doctrine of uberrima fides is applicable to
All branches of insurance Vehicle insurance
Life insurance Non-life insurance
13) Premium is the for the risk involved in the insurance.
Object Subject-matter
Consideration All of these.
14) General principle of does not apply in case of contract of
insurance.
Estoppels Uberrima fides
Caveat Emptor All of these
Q.2 Explain in detail the features provisions of IRDA. 14
Q.3 Define insurance and state its social economical significance. 14
OR
Explain in detail the composition jurisdiction of Motor Accident Claim
Tribunal.
14
Q.4 Write note on (any 08
Cover note
Assignment of insurance policy
Insurable interest
Contents of a policy. 06
Q.5 Answer in short (any 14
Requirements of valid assignment.
Define actual total loss.
Define abandonment.
Commencement and duration of risk.
Janshree Bima Yojana
Surrender value.
Valued policy.
Perils of the sea.
Payment of premium.
10) Paid-up policy.