Legal Aspects of Life Assurance (IC 24): Previous year paper
iii exam is held fourth time every year – Once in March, May, September and in November. Legal Aspects of Life Assurance (IC-24) exam We provide Recollected Questions (Memory based Questions) . In these papers, maximum questions are repeated in every exam. So, Ambitious baba is providing you with IC 24 Previous year Question Legal Aspects of Life Assurance (IC-24) . These Previous years Questions Legal Aspects of Life Assurance (IC-24) will be very useful in upcoming Exam.
Ic24 review (Sept 2021): Paper was easy . Reading book thoroughly is enough to pass exam.
Questions asked:
- Many questions were asked from difference between nomination and assignment
- Administrators General Act
- Limitation Act 1963
- Grace period
- Categorisation of property as per Indian law
- Numerical on wealth tax
- Section 11 of Indian contract act
- Section 3(2) of irdai act
- Section 5 of irdai act
- Regarding Mohamaden law
- Will
- Code of conduct of insurance agents
- Group insurance and individual insurance difference
Previous Year Questions
- IRDIA act – sec 4 (2-3Qns) read in detail
– sec 3(2) deals with
– act enacted in year 1999
– its enactment has altered which acts – LIC act , Inusrance act and Gen insurance act
- Under cooling off can cancellation what deduction will be made – processing charges,stamp duty, mortality charges etc.
- LIC act – section 6 deals with (2-3) qns
– central govt give directives to LIC under – sec 21
– sec 2(10B) deals with
– LIC can inherit assets abnd liabilities of earstwhile insurnace companies – which section
- Citizenship act – who have born after 26.1.1950 are citizens – sec 3
– citisenship through registration and normalization – sec 5 & Sec 6
– which countires residents are excluded (like some thing sec 4) – Pakistan and Bangladesh
- Contract of indemnity under Indian contracts act covered under section – Sec 124
- Consumer protection act – within how may days one has to make appeal on orders given by lower forum
– Composition of State commission
– Composition of National Commission
-Rules(15,16,17 etc) on some thing like subject of complaint and award given is binding – 2qns
– service is defined under which section
– 2 Qn on consumer rights – right to be infored and right to redressal
- IT act 2000 – Sec 1(4) deals with?
– Sec 35 deals with – procedure to apply digital signature
- act enacted in year 1936 – payment of wages act
- act enacted in year 1923 – workers compensation act
- Laws made by pariament will be applicalbe to all states except Jammu & Kashmir
- qn on def of specail contract
- qn on Sec 25 of Indian stamps act – point number 3 (annuity payable for indefinite period) – answer 12 years
- 3 Qn on time limits with in which one has to make payment of stamp duty( like contract executed in india 30 days,
instruments executed outside india – 3 months)
- Marriage women property act – claim will be paid to trustee
– who can be added as beneficiers – wife and children
- How many days one has to stay in india to call him resident indian – 182 days
- qn on prof. Grey definition of law
- problem on paid up value
- Qn on Article 245 of Indian constitution
19 2-3 Qn on FSA act 1986 (UK)
20 Life assurance act enacted in 1870(UK)
21 Permanent disability definition
22 some section in Fema act – rbi make regullations
23 2qns on heriditary commissionn – minimum businees and on definion
- Nomination Vs assignment one talbe is there in book – 6-7 qns asked from that table
- when will Letter of adiministration is given (in relation to WILL)
26 qn on definition of WILL
27 Rome convention came into effective from ? date
28 disinvestment amount comes under
29 Sec 16 and sec 17 Contracrt act ( consent by undue influence and fraud)
30 claim has to be settlled within -30 days
31 ITAT deals with – income tax
32 who cant enter into contract
33 declination of assignment has to be informed to PH with in 30 days
34 Deficit reduction act(USA)
35 some qn from fire insurance – with in how many days one has take credit after payment of premium or some thing (i never
came across that topic in book).
36 qn on integration under money laundering
37 classification of insurance in UK – two Qns like which doesnt come under general insurane
Rajeshwaar, [18.09.21 20:28]
38 Small cases count amount limit -25000
39 qn on city and metro court
40 suicide clause applicable for -12 months
41 qn of definion of prospectus
42 qn on definition of proposal under contract
43 qn on contract by novioto
44 malhotra committe year
45 one qn on male died interstate under Hindu succession act – hiers are divided into how many categories
46 sec which deals with female dying interstate unde Hindu succession act
47 Free look period in UK.
48 Qn on discharge form
49 Sec under Insurance act under which customer had right to get renewal premium notice.
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