/ 4790501 (Pages : 2) Reg. No... TENTH SEMESTER B.B.A., LL.B. (HONOURS) DEGREE EXAMINATION NOVEMBER 2020 BBA, LLB. INSURANCE LAW Maximum : 75 Marks ‘Time : Three Hours Part A Answer any six questions in not exceeding 500 words each. Each question carries 6 marks. Explain the powers and functions of Insurance Regulatory Development Authority. ‘What are the procedures to be followed in Nomination in life insurance contracts ? Explain the procedures to be followed in assignment of life insurance policies. Examine the application of Doctrine of subrogation in insurance. Explain the features of fire insurance contract. Examine the application of the maxim Causu priximo non remota spectator ‘in insurance. Difference between perils included and perils excluded in marine policies. ‘Write notes on Employee State Insurance Corporation. (6 x 5 = 30 marks) Part B “Answer any two questions in not more than 1,000 words each. Each question carries 10 marks. ‘Mr Ramesh is doing the business of garment exports and he insured his building and stock under Fire insurance. Fire broke out in his premise and immediately the matter was informed to fire force. The fire was extinguished by them by using water. Ramesh approached the insurance company for insurance claim and his claim was denied on the ground that majority ofthe stock were damaged not due to fire but due to the water poured for extinguishing the fire. Decide whether Ramesh is entitled to get the insurance claim. : A motor policy was taken on 15.02.2018 and the vehicle met with an accident on the same day. ‘The insured approached the insurer but they repudiated the policy on the ground that the p\ had been taken after the accident. Advice the insured. ‘Turn over 405602 Da, 3. Mr Satheesh who was insured with Max Assurance company was driving his brothers car and my. with an accident. The injured third party brought proceedings against him. As Satheesh failed to report the accident to his insurer Max Assurance Company repudiated the claim. So he sought to recover from his brother's policy issued by Xafon Insurance company. The policy issued by Xafon contained the ratable proportion clause to the effects that the insurer shall not be liable to pay more than its ratable proportion, if there was another existing insurance covering the same loss. Xafon insurance was liable to pay only 50%. But mistakenly they paid 70%. Mr Satheesh approached the court for the balance 30% and insurance company also approached the court for the wrongly paid 20%. Decide. (2 x 10 = 20 marks) Part C Answer any two questions in not less than 1,000 words each. Each question carries 12.5 marks. 1, Examine the constitution powers and functions of Motor Accident Claim Tribunal. 2, “Principle of Indemnity is the regulating principle of contract of insurance”. Explain and state the exceptions. 3, Explain the rules and procedures to be followed in settlement of claims and payment of money in life insurance. (2 x 125 = 25 marks)40912 (Pages : 2) Name. Reg. No.. TENTH SEMESTER B.B.A. LL.B. (REGULAR/SUPPLEMENTARY) DEGREE EXAMINATION, NOVEMBER 2021 INSURANCE LAW (2011 Scheme) ‘Time : Three Hours Maximum : 75 Marks Part A Answer any six questions in not exceeding 500 words each. Each question carries 5 marks. Explain the powers and functions of Motor Accident Claim Tribunal. What are the procedures to be followed in settling Life Insurance Policy clé#ms? Define insurable interest and its importance in insurance contract. What are the basic principles that governs a fire insurance contract. ? Discuss the main objectives of Employees State Insurance Act, 1948. Difference between property insurance and liability insurance. Whatlare the essential features of life insurance contract ? eaaegarenyr Define marine insurance and discuss its importance. (6 x5 = 30 marks) Part B Answer any two questions in not more than 1,000 words each... Each question carries 10 marks. ‘Mr. Nikson was engaged in the business of exporting marine products and he was the owner of a number of vehicles which were duly insured. There was a collision between two lorries owned by Nikson due to the fault of ore of the lorry driver who was driving the vehicle in a drunken stage. The insurance company paid the amount for making good of the vehicle which was running in the safe manner and filed a suit against Nikson claiming damages being the owner of the vehicle at fault. Decide whether the insurance company can claim damages. A cargo of rice was insured by a marine policy against perils of sea. Rats gnawed a hole in the pipe which passed through the cargo. Sea water enetered through the hole and damaged the tice. The insured approached the insurer claiming amount. for the loss incured, Decide whether the insurer is liable. i Turn overatl D 10912 * 2 3. Mr. Ajay had taken a life insurance policy from Saxon Life Insurance Eonpery and afar one year submitted « proposal to Zener Life Insurance Company for another life eae policy. Among the questions that the insured was required to answer in the proposal frm was whether he was currently insured or had previously applied for life insurance, critica’ illness or accident benefit cover. ‘The insured answered this question in the negative. For the specific questions regarding other insurance also the insured had given his answer as Not Applicable. Zenar issued insurance policy. After one and half years of the second insurance, the insured died due to kidney failure, Mrs. Ajay, nominee in the insurance policy, approached Zenar Life Insurance Company and her claim was rejected. Mrs. Ajay wants to seek legal remedy. Advice. (2 x 10 = 20 marks) Part C . Answer any two questions in not less than 1,000 words each. *% Each question carries 12% marks. * Critically evaluate the role of Insurance Regulatory Development Authority in monitoring insurance sector. Explain the concept of Third Party Insurance or Compulsory Insurance. Also examine the rights of third parties and limitations on their rights. Explain the nature of Insurance contract and the éssential ‘requirements of contract of insurance. (2 x 12% = 25 marks)282581 D 31267 (Pages : 2) 4 MENTARY). TENTH SEMESTER B.B.AJLL.B, DEGREE (REGULAR/SUPPLE! EXAMINATION, NOVEMBER 2022 B.B.AJLL.B. INSURANCE, LAW (2011 Scheme) Time : Three Hours : Maximum : 75 Marks Part A Write short notes on any six questions. Each question carries 5 marks. Explain Public liability Insurance. Write a note on Micro Insurance. ‘What do you mean by Double insurance ? Whatis Constructive total loss? | Briefly explain Insurance surveyors and loss assessors. Writgg note on Motor Accident Claim Tribunal. Psa Pp ee ep oP 5 (6 x 5 = 30 marks) Part B Answer any two questions. Each question carries 10 marks. 9. Mr Allen tool surance policy. He was dismissed from service for misbehaviour at his office. He commits sticide. The insurance company réjects the insurance claim. Advice the legal representatives of Allen. 10. Mr. Ben effected two fire insurance policies to cover his textile shop. His shop was destroyed by fire. Having recovered the loss fom one insurer, hh filed a claim to recover the premium paid under the other policy. Decide, 11. d against loss from perils of sea was torpedoed by an enemy ship and it was moored Later it sank because of action of sea. Tate whether the loss is covered under (2 x 10 = 20 marks) Turn overor eee 282581 2 D 31267 Part Answer any two questions. Bach question earries 12 marks. 12. Diseuss the controls over general insurance business in India. 13, Explain the doctrine ot subrogation and contribution in insurance. 14, Discuss the duty of disclosure in insurance contract, (2 x 12% = 25 marks) Saati”