Alagappa University 2007 M.Com Insurance Management LEGAL ASPECTS OF INSURANCE BUSINESS - Question Paper

DISTANCE EDUCATION
M.Com. (IM) DEGREE EXAMINATION, DECEMBER 2007.
LEGAL ASPECTS OF INSURANCE BUSINESS
(Upto 2006 batch)
Time : 3 hours Maximum : 100 marks

part A — (5 ´ eight = 40 marks)
ans any 5 ques..

elaborate the ways of discharging a contract?
What do you understand by contract of indemnity?
What is meant by warranty? elaborate the kinds of warranty?
elaborate the causes and objectives of nationalisation of insurance business in India?
Enumerate briefly the objectives of public liability Insurance Act 1991.
define the requisites of Death claim.
What is meant by surrender value? How is it calculated?
What is the need for applicability of Consumer Protection Act in insurance?

part B — (4 × 15 = 60 marks)
ans any 4 ques..

discuss the classification of contract of English legal regulations.
Bring out the differences ranging from Life Insurance and Marine Insurance.
What do you understand by assignment in insurance? discuss the procedure for assignment.
elaborate the objectives and special features of
LIC Act 1956?
In latest years IRDA has taken many regulatory reforms – explain.
discuss different kinds of marine insurance.
explain – Insurance Ombudsman.

Earning:   Approval pending.