Annamalai University 2009-3rd Year LL.M - ./M.L - - VII - - Law of insurance and carriage of goods - Question Paper

L.L.M./M.L. DEGREE exam - 2009
(THIRD YEAR)
(Branch I - Contracts Including Mercantile Law)
(PAPER-VII)
310. legal regulations OF INSURANCE AND
CARRIAGE OF GOODS
May) (Time: three Hours
Maximum: 100 Marks
ans ques. No. one and any other 5 ques..
ques. No. one carries TWENTY 5 marks and all other ques. carry FIFTEEN Marks every.
1.(a)"The concept of Insurance has been conceived to be a cooperative devise to safeguard the human life or other Interests which are often exposed to a few risk or danger by spreading the loss caused by a particular risk over a number of persons who are exposed to it and who agree to insure themselves against the risk" – explain the above in the light of the development of Insurance Contract.
(OR)
(b)The Employee State Insurance Act is devised to give social protection to workers in contingencies such as illness, long term sickness or any other health risks due to exposure to employment injury or occupational hazards. Added to them, the Medical facilities are also made available to the legal dependent of the insured persons. – explain how all the above provisions are given under the ESI Act.
2."Every person effecting an insurance must have an Insurable Interest in the subject matter; Otherwise the contract can not be forced" – explain the importance of Insurable Interest in the Insurance Contract.
3.Distinguish "Contribution" flow "subrogation" and state their applicability in reaction to various types of Insurance.
4.Explain and illustrate the reason proxima rule in Fire Insurances.
5.What is a warranty in a Marine Insurance Policy? discuss the various types of warranties and condition in a Marine Policy.
6.Enumerate the provisions relating to 3rd party risk insurance under the Motor Vehicles Act.
7.The liability of the employee to pay compensation under the Worker's Compensation Act is necessary in certain cases and is not necessary in certain cases – explain.
8.Premium once paid is not returnable. State the exceptions to the rule.
9.Write short notes on any 2 of the following:
(a)Average clause in Fire Policy.
(b)Salvage modifications.
(c)Pure and Speculative risk.
(d)Assurance and Insurance.

Earning:   Approval pending.