For More Quiz Questions click here to download Global Quiz on Google PlayStore

NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF LAW
JANUARY/FEBRUARY 2013 EXAMINATION

INSTRUCTION:        Answer five questions in all

TIME:                                     3 Hours

QUESTION ON LAW OF INSURANCE      LAW 432

  1. The concept of insurance is alien to Nigerian culture. Do you agree? Discus the development of modern insurance in Nigeria.

 

  1. With the aid of relevant authorities attempt a definition of insurance and Insurance policy.

 

  1. Identify types of insurance company and the criticism of insurance company

 

  1. Discus the primary and secondary functions of insurance.
  2. Who is an underwriter and what are the duties of an underwriter?
  3. On June 1, 2012 Tope, the captain of super eagle insured her legs for N1,000,000 and agreed with the insurer Trust Insurance Company Ltd. on the condition that he would communicate his acceptance of the premium payment to the insurer within 7 days. On June 3, 2012, on his way to the airport, he was hit by a truck and his legs were crushed. He is planning to institute proceedings against Trust Insurance Company Ltd. to enforce specific performance of the insurance. Advice her.

 

  1. Citing relevant authorities discus the difference between warranty and condition in contract of insurance?

 

  1. Discus life insurance and insurable interest

 

  1. Peter took out a marine insurance policy with Trust Insurance Company Ltd to insure steel pipes which were to be imported      from Japan against all risks. The goods were to be shipped from Japan to Lagos port in Nigeria. The said goods were    eventually shipped from Hamburg Germany instead of Japan.             The ship could not berth in Lagos port and had to leave for Calabar port. The goods were never delivered to Peter. Peter has instituted a claim against Trust Insurance Company Ltd. to be indemnified for           the loss of the goods. Assess the liability of Trust Insurance Company Ltd.

For More Quiz Questions click here to download Global Quiz on Google PlayStore


Select NOUN Past Questions & Answers by Faculties

Sciences

National Open University of Nigeria (NOUN) Faculty of Sciences Past Questions and Answers.

Education

National Open University of Nigeria (NOUN) Faculty of Education Past Questions and Answers.

Arts & Social Sciences

National Open University of Nigeria (NOUN) Faculty of Arts and Social Sciences Past Questions and Answers.

Law

National Open University of Nigeria (NOUN) Faculty of Law Past Questions and Answers.

Management Sciences

National Open University of Nigeria (NOUN) Faculty of Management Sciences Past Questions and Answers.

Health Sciences

National Open University of Nigeria (NOUN) Faculty of Health Sciences Past Questions and Answers.

Agriculture Sciences

National Open University of Nigeria (NOUN) Faculty of Agricultural Sciences Past Questions and Answers.

Select Project Topics & Materials by Categories

Accounting

Universities, Polytechnic's and Colleges of Education Accounting Project Topics and Materials.

Biology

Universities, Polytechnic's and Colleges of Education Biology Project Topics and Materials.

Business Education

Universities, Polytechnic's and Colleges of Education Business Education Project Topics and Materials.

Chemistry

Universities, Polytechnic's and Colleges of Education Chemistry Project Topics and Materials.

Computer Science

Universities, Polytechnic's and Colleges of Education Computer Science Project Topics and Materials.

Criminology & Security

Universities, Polytechnic's and Colleges of Education Criminology & Security Project Topics and Materials.

Economics

Universities, Polytechnic's and Colleges of Education Economics Project Topics and Materials.

Education

Universities, Polytechnic's and Colleges of Education Education Project Topics and Materials.

English/Linguistic

Universities, Polytechnic's and Colleges of Education English/Linguistic Project Topics and Materials.

Entrepreneurship

Universities, Polytechnic's and Colleges of Education Entrepreneurship Project Topics and Materials.

Environmental Science

Universities, Polytechnic's and Colleges of Education Environmental Science Project Topics and Materials.

Law

Universities, Polytechnic's and Colleges of Education Law Project Topics and Materials.

Marketing

Universities, Polytechnic's and Colleges of Education Marketing Project Topics and Materials.

Physics

Universities, Polytechnic's and Colleges of Education Physics Project Topics and Materials.

Political Science

Universities, Polytechnic's and Colleges of Education Political Science Project Topics and Materials.

Public Administration

Universities, Polytechnic's and Colleges of Education Public Administration Project Topics and Materials.

How to login to NOUN Elearn Portal

You can now use you matric number to login as your username and  password in a lowercase.

https://elearn.nouedu2.net/login/

Note that you are to change your passw...

Facebook posts