Oriental Insurance Co. Ltd. vs Sivankutty on 8 September, 2005
17. The similar issue came before the High Court of Kerela in the case of
Sivankutty and others (Supra) wherein the Court held that the liability of
the Insurance Company in damages for third party risks continues for the
entire period covered by the policy in spite of the cheque issued towards
payment of premium was dishonoured and consequently policy was
cancelled by the Insurance Company. The remedy of the
Insurance Company lies against the "insured" to have the amount paid by
them by way of compensation for third party risks to be got reimbursed.