Question

(A) Mr. Chowdhury lives in an apartment located in Gulhan, Dhaka. He is a Lawyer by his
profession. He purchased an insurance policy for his car from XYZ insurance company
limited. Recently, Mr. Chowdhury has got accident and his car damaged seriously. Insurance
company has investigated the incident and found that Mr. Chowdhury got accident twice
earlier but he failed to mention that to the company. Mr. Chowdhury also drove the car
recklessly and thus got accident. Now, Mr. Chowdhury has claimed the amount of loss from
the insurance company. But insurance company has refused to pay the claim.
Requirements:
a) Why did ZYZ Insurance Company refuse to pay the claim?
b) What are the duties of a policyholder that should be followed by Mr. Chowdhury?
c) What are the general elements of an insurance contract? Describe with example.
d) Which of the principles did Mr. Chowdhury violate? Justify your answer from insurance point of
view.

Answer 1

Explanation:

Mr. Chowdhury lives in an apartment located in Gulhan, Dhaka. He is a Lawyer by his

profession. He purchased an insurance policy for his car from XYZ insurance company

limited. Recently, Mr. Chowdhury

Answer 2

Explain:What are the duties of a policyholder that should be followed by Mr.chowdhury?