Insurance Law

Module: I
1. Write a brief note on the historical background of development of Insurance in India. (Done)
2. Explain briefly the rights and liabilities of the insurer and the insured person in an insurance contract.
3. Define Insurance. Explain whether contract of insurance is a contract of indemnity or a contingent
contract.
4. Discuss the importance of insurable interest in the contract of insurance.
5. The principle of indemnity is not applicable to all insurances. Discuss with the help of decided cases.
6. Define contract of insurance and state the nature and scope of the contract of insurance.
7. Briefly explain the concept of Insurable Interest.
8. Explain the special principles of insurance with the help of decided cases.
9. Whether insurance is a contract of Indemnity? Rahul insured on rice in his warehouse against fire. He
sold the rice to a company of which he was the sole substantial shareholder. Thereafter most of the rice
was destroyed by fire and he demanded that he should be indemnified. But the insurance company
refused to indemnify the loss. Can the insurance company do so?
Module: II
10. Define insurable interest. How far do you think ‘insurable interest’ plays an important role in an
insurance contract?
11. What do you understand by life insurance policy? Mention the classifications under ‘whole life
insurance policies’ in detail. Describe, how persons are entitled to payment and settlement of claims
under life insurance policies.
12. What do you understand by the doctrine of subrogation? Explain briefly with relevant judicial
pronouncements.
13. Explain the doctrine of utmost good faith and how does it play an important role in the terms and
conditions of an insurance contract.
14. Explain Life Insurance. Discuss how life insurance is different from non-life insurance with the help
of decided cases.
15. ‘Every person is exposed to various risks to his or her person and interests, not just from cradle but
from the time of his/her conception itself ’ — Discuss with decided case laws, the nature of Life
Insurance in the light of the above statement.
16. ‘Insurable interests in case of insurance contract is constructed as a life line.’ — Comment with the
help of decided cases.
17. Write a brief note on the establishment and functioning of LIC. In the light of the same, explain the
various classifications under term policies in a Life Insurance Contract.
18. Define life Insurance. Who are entitled to claim under a life Insurance policy? How can the amount be
recovered?
19. (a) Discuss the process of acquiring certificate of registration under Revision of Insurance Act, 1938.
(b) Elaborate the objective of General Insurance Business (Nationalisation) Act, 1972. (c) Explain the
provision relating to formation of General Insurance Corporation of India.
20. Explain the concept of “Whole Life Insurance Policy” and “Term Insurance Policy”.
21. Differentiate between reinsurance and double insurance contract
22. Decide the following cases with reasons: (i) Mr. Arman insured the sugar belonging to him in the
godown against fire for an amount of Rs. One Crore. Subsequently due to a fire accident he lost sugar
worth the value of 73 lakhs from the sugar stock kept in the godown. State with reason whether the
insurance company is liable to make good the loss. (ii) Ms. Richa affected two insurance policies in
the name of her minor cousin Master Aakash without the knowledge of his parents. One day she went
to the resident of Master Aakash when his parents were not there and gave him poisonous chocolate to
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 eat. Having consumed the chocolate Aakash dies. Decide whether insurance policy taken by Ms. Richa
in the name of Master Aakash is valid. Is the insurance company liable to pay?
23. Elaborately discuss the doctrine of ‘Subrogation’ and ‘Contribution’.
24. Discuss in brief the different types of Life Insurance Policy
25. What are the contents of Life Insurance policy? 6+5+5 (b) City Insurance Company had issued a Life
policy to Shyam. Later the company increased the premium of the policy and asked Shyam to pay the
premium. Can the company do so? (c) What is the remedy of spelling error in Life Insurance Policy?
Module: III
26. Explain the main features or essentials of a marine insurance contract.
27. Explain Implied Warranties under Marine Insurance.
28. Explain the express and implied warranties in marine insurance.
29. Elucidate the various types of losses contemplated under the Marine Insurance Act, 1963.
30. Explain express and implied warranties under the Marine Insurance Act, 1963.
31. Discuss the procedure of effecting Marine insurance. 12+4 The policy on a ship is on a round voyage
from Mumbai to Chennai. But from Chennai to Mumbai she neglected to take sufficient coal as its fuel
to reach Mumbai and as a consequence she had to burn some fittings and cargo as fuel and claimed the
loss. Whether insurer is liable for such loss?
Module: IV
32. Explain the concept of third party risk with the help of judicial decisions. ‘X’ insured his house for the
risk of fire. An earthquake took place. A fire broke in the house of Y and spread to X’s house. Is the
insurer liable? Explain elaborately.
33. Define fire insurance. What are the essentials of a fire insurance policy?
34. A building was insured against loss or damage by fire. The agreed value was Rs. 5 lakhs. A fire broke
out and the premises was partially destroyed. Explain whether the insurance company was liable to
compensate or not.
35. Explain the meaning of the term ‘Fire’. Discuss the characteristics of Fire
36. Insurance.
37. Explain meaning of Fire. Discuss the perils that are covered by Fire Insurance Policy.
38. Santhosh insured his sugar in the godown against fire for an amount of Rs. 50 lakhs. In a fire accident
his sugar stock worth of Rs. 38 lakhs lost by fire. To what extent insurance co. is liable for the loss.
39. Discuss fire insurance policy with the help of suitable cases.
40. Mr. X insured his premises for the risk of fire. Due to heavy thunder storm a fire broke in the premises
of Mr. Y. It spread to the premises of Mr. X and destroyed his property. Is the insurer liable?
41. What do you understand by the term ‘fire’ in a Fire Insurance Policy? What types of losses are covered
by fire policy? Illustrate with suitable cases.
42. Priya insured her sugar in the godown against fire for an amount of Rs. 50 Lakhs. In a fire accident
her sugar stock worth 30 Lakhs were destroyed by fire. To what extent insurance company is liable for
the loss?
Module; V
43. Write a brief note on the composition, power and functions of IRDA as enumerated in the Insurance
Regulatory Development Authority Act, 1999.
44. Gaurav insured his car with Galaxy Insurance Company, later with another company called Moon
Insurance Company. Gaurav’s car become liable in damage to a motor cyclist. Which insurance
company is liable to compensate the loss to motor cyclist?
45. “No fault liability” under Motor Vehicles Act.

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 46. Discuss the powers and functions of the authorities under the IRDA Act, 1999. (b) Settlement of claims.
(c) Persons entitled to payment.
47.
UNKHONW:
48. Write a brief note on the aims and objectives of Insurance Act, 1938.
49. What do you understand by General Insurance Corporation of India? Explain with appropriate
examples.
50. Define risk, explain how important it is to the people. Describe various types of risks and their
effects.
51. What do you understand by the term of an Insurance Contract? Analyze the comparative study with
regard to Insurance and Contract.
52. Write a note on premium. What is the effect of Non Payment of Premium on the policy? How can the
amount of Life Insurance be recovered (***
53. Briefly discuss Burglary and Theft Policies. Point out the ‘reasonable care’ provisions under the
Burglary policies.
54. What are the necessities for insurance against third party risk? What are the effects of insolvency in
respect of insurance against third party risk? Discuss.
55. What is premium? Under what circumstances it can be recovered back?
56. Explain elements of public liability insurance.
57. What is the process of transfer to public ownership of General Insurance Business under the
provisions of General Insurance Business Nationalisation Act, 1972?
58. What is proximate cause? Discuss the principle of uberrima fides.
59. Whether insurance is a public document or not? Elucidate.
60. Explain the difference between Assignment and Nomination.
61. What is Premium? What is the effect of non-payment of premium on the policy? What reliefs are
provided against the forfeiture of the policy for non-payment of premium?
62. What do you mean by „felo-de-se‟? What are the exceptions to the rule? Explain with case laws. C
the father of B had insured his life. After some years. C commits suicide. The insurance company
refused to pay compensation. Can B the son succeed?
63. What do you mean by “IRDA”? What is the need and object of it?
64. What is „deviation‟? Under what circumstances is it excused?
65. Write a brief note on „The Perils of the sea‟.
66. Write a short note on the doctrine of Reinstatement
67.
Short Questions:
68. Endowment Life Insurance Policy
69. Burglary Insurance (**
70. Theft Insurance
71. Marine Insurance (***
72. Fire Insurance
73. Commencement of policy
74. Public Liability Insurance (**
75. Compulsory Insurance of Motor Vehicles
76. Perils of Sea
77. Doctrine of Contribution (**

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78. Principle of Indemnity.
79. Doctrine of Subrogation with case laws (**
80. Third party insurance
81. Relationship between Tort and Insurance (**
82. Motor Vehicle Insurance
83. Premium
84. Mediclaim
85. Insurable Interest
86. Proximate cause
87. Agricultural Insurance.
88. Compulsory Insurance of Motor Vehicles
89. Composition of Insurance Regulatory and Development Authority
90. Features of Life Insurance.
91. Doctrine of utmost good faith
92. (b) Group Insurance Policy
93. (c) Rights of the insurer
94. (d) Power and Function of IRDA
95. (e) Burglary and Theft Policy
96. (f) Liability of the insured person.
97. Unit linked Insurance Policy
98. Health Insurance
99. Agricultural Insurance
100. Group Life Insurance.
101. Explain elements of public liability insurance
102. Compulsory Insurance of Motor Vehicles
103. Difference between Warranty and Representation.
104. Mediclaims
105. Claims on life insurance policies
106. Insurance Joint Ventures
107. Assurance and insurance
108. Principle of Probability
109. Suicide felo de se
110. Difference between the contract of Insurance and contract of Wager
111. Define expected perils.
112. Establishment and Functioning of LIC.
113. Domiciliary hospitalization
114. Causa proxima
115. No fault liability
116. Maritime perils
117. Surrender value
118. Double insurance.
119. Plate-glass insurance
120. Crop and Cattle Insurance
121. (b) Insurance ombudsman
122. (c) Goods in transit Insurance
123. (d) Circumstances affecting the risk

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