Q. Under what conditions can a Life Insurance policy be called into question on the ground of Fraud by the insurer, as specified in the amended Insurance Act of 1938?

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Q. In case the policyholder is not alive, who bears the onus of disproving fraud in a Life Insurance policy?

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Q. What are the three essential elements of insurable interest?

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Q. What is the primary difference between gambling and insurance?

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Q. If Mr. Patel has a mortgage loan on his house and has repaid part of the loan, does he have an insurable interest in the house?

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Q. What is the subject matter of an insurance contract?

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Q. In the context of insurable interest, what is the subject matter of insurance related to?

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Q. When should insurable interest be present in a life insurance policy?

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Q. In general insurance, when should insurable interest be present?

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Q. When must insurable interest be present in marine cargo insurance?

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Q. In which types of insurance should insurable interest be present both at the time of taking the policy and at the time of loss?

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Q. What is proximate cause in insurance and how does it apply to non-life insurance claims?

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Q. What is the definition of proximate cause?

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Q. In what situations does the principle of proximate cause become applicable in insurance?

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Q. What are some examples of losses that may be paid by business under fire insurance policies but cannot be considered proximately caused by fire?

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Q. Mr. Pinto contracted pneumonia as a result of lying on wet ground after a horse riding accident. The pneumonia resulted in death of Mr. Pinto. What is the proximate cause of the death?

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Q. What is the primary principle behind the Principle of Indemnity in non-life insurance policies?

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Q. How does the insurance company determine the indemnity to be paid under the Principle of Indemnity?

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Q. Which of the following is an example of the Principle of Indemnity in action?

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Q. In what situation is the 'Agreed Value' principle adopted in insurance?

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