Insurance policy -- Insurance claim - Re-instatement charges - Loss already occurred - There is no question of further continuance of policy - Charges for the said policies at the inception by way of premium for the whole year was Rs.28,429 while the OP has deducted a sum of Rs.1,27,181/- for the remaining eight months - Held that once the loss had already occurred and..........
Insurance policy -- Insurance claim - Re - instatement charges - Loss already occurred - There is no question of further continuance of policy - Charges for the said policies at the inception by way of premium for the whole year was Rs. 28,429 while the OP has deducted a sum of Rs. 1,27,181/ - for the remaining eight months - Held that once the loss had already occurred..........
Insurance claim -- Surveyors' report - Deduction from the net assessed loss on the strength of ' Cause Factors' - The damages to the insured molasses contained in the pits not disputed and the extent of loss caused to the complainant is also not disputed - What weighed with the Surveyor in recommending payment of the claim only to the extent of 1/3rd of the net assessed..........
Consumer Protection Act, 1986, Section 2(1)(g), 14(1)(d), Insurance Act, 1938, Section 64UM -- Insurance policy - Stock broking business - Business peril - Insurance claim - Repudiation - Loss caused by business peril - Burden of proof - To be eligible under Section 1(c) of the insurance policy for indemnification of a loss claimed to have been suffered the assured would..........
Insurance claim -- Surveyors' report - Deduction from the net assessed loss on the strength of ' Cause Factors' - The damages to the insured molasses contained in the pits not disputed and the extent of loss caused to the complainant is also not disputed - What weighed with the Surveyor in recommending payment of the claim only to the extent of 1/3rd of the net assessed..........
Consumer Protection Act, 1986, Section 2(1)(g), 14(1)(d), Insurance Act, 1938, Section 64UM -- Insurance policy - Stock broking business - Business peril - Insurance claim - Repudiation - Loss caused by business peril - Burden of proof - To be eligible under Section 1(c) of the insurance policy for indemnification of a loss claimed to have been suffered the assured would..........
Insurance claim -- Surveyors' report - Deduction from the net assessed toss on the strength of `Cause Factors' - The damages to the insured molasses contained in the pits not disputed and the extent of loss caused to the complainant is also not disputed - What weighed with the Surveyor in recommending payment of the claim only to the extent of 1/3rd of the net assessed..........
Consumer Protection Act, 1986, Section 2(1)(g), 14(1)(d), Motor Vehicles Act, 1988, Section 157 -- Insurance claim - Repudiation - There was no contract of the complainant with the Insurance Company on the date of robbery with respect to the insured car the policy of which was purchased by the previous owner 'K' - Section 157 of the MV Act applies to third party risks not..........
Consumer Protection Act, 1986, Section 2(1)(g), 14(1)(d) -- Marine policy - Consignment of goods interchanged - Insurance claim - Fraudulent claim - Complainant by joining hands with the consignee, the shipping company and others, committed fraud pretending to have transported the goods to Canada, when actually there is no proof that the insured goods were put in the..........
Insurance claim -- Repudiation - Ground that policy lapsed for non - payment of premium - Reliance placed on condition No. 2 of the Conditions and privileges appended with the policy - Since the Petitioner/Insurance Company has in writing granted grace time to the insuree for paying the premium up to 19.2.2004 they cannot later rely on the conditions appended with the..........
