a) describe the scope of insurable interest in life, marine and fire insurance and state when such interest must subsist in each case.
b) describe the significance of social security.
problem 2: Proximate cause does not mean the earliest or the latest in time. It means the direct, dominant and efficient cause. Elucidate with reference to fire and marine insurance contracts.
problem 3: describe the concept of sea worthiness in marine insurance contracts.
problem 4: describe the nature and consequences of double insurance and state the rights of the insurers in these and the assured.
problem 5: Mention various kinds of fire insurance policies.
problem 6: describe the law relating to motor insurance policies.
problem 7: Define the term risk. describe the significance of the same in insurance contracts.
problem 8: describe different kinds of losses in relation to marine insurance contracts.
problem 9: prepare short notes on any TWO of the following:
a) Surrender value.
b) Clauses in a fire policy.
c) Assurance and insurance.