Annamalai University 2008-2nd Year Bachelor of A.L BAL 3rd year - Insurance Laws (code no360) for the year - - exam paper

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7.      Explain the different kinds of warranties applicable to contracts of insurance.

8.      Examine the rights and duties of an insurer under a marine policy.

9.      Write short notes on any THREE of the following:

i)        Perils of the sea

ii)      Deviation of voyage

iii)    Insurable value

iv)    Partial loss

Register Number: 5325

Name of the Candidate:

B.A.L DEGREE EXAMINATION, 2008

THIRD YEAR

(Paper-XVI)

360. insurance LAWs

Dec.) (Time: 3 Hours

Maximum: 100 Marks

Answer any SIX Questions.

All Questions carry equal marks.

1.             The insured should disclose all the material circumstances to the insurer. Discuss with illustrations.

2.             What are the essentials of a life insurance contract? How do they differ from fire insurance?

3.             What is re-insurance? Can a contract of re-insurance be said to be one of indemnity?

4.             Examine the necessity of insurable interest in the case of life, fire and marine policies.

5.             How is a life policy assigned? Distinguish between assignment and nomination in life insurance.

6.             Examine the law of subrogation and contribution in the law of marine insurance.