uncertain event occurs. The other party, namely, insured must have an insurable interest in the property, life or liability which is subject to insurance ... risk for which insurance is being sought.
iii) The insured must have an insurable interest in the subject matter of the property.
iv) The Insurer
interest of
the owner of the property. There may be floating insurance policy covering not
only the limited interest but the whole interest ... intended to cover their
interest. Also a buyer will have an insurable interest in goods if they are at his
risk, whether
paid on such insurance
service with interest and penalty. On adjudication, the demand was
confirmed with interest and penalty. Aggrieved by the said order ... their money in another Banks/institutions, such deposits are
not insured, and the interest paid/received on such deposits falls under the
negative list
members of "Medicare
Membership Scheme", wherein the members have insurable interest.
The Appellant also approached National Insurance Company for
providing such services ... club" and that
"Medicare Services Group" has "Insurable interest in its members for
their welfare and benefit through medical insurance
contract the seller was duty bound to insure the goods in transit thus retaining insurable interest in the goods even though title to the goods ... general rule that risk follows property. Since the seller was found insuring against risk of loss or damage of the goods in transit
stand of the insurance company,
which declared that there were no insurable interests vested in them. Prior
to this, the appellants have indicated that vide ... they were not
capable of insuring the goods in the storage tank in view of there being no
insurable interest was improperly not considered
certain cases, the goods manufactured and sold by the assessee were insured by them from the factory gate of the destination and in such cases ... assessee contended that merely because they have an insurable interest in the goods even when the proprietary of the goods is passed
insured
such goods during transit to the buyer. It is not necessary that insurance of the
goods and the ownership of the property insured must ... interest of others, that is to say, not necessarily the person insuring the
interest must be the owner of the property." [at para
insured such goods during transit to the
buyer. It is not necessary that insurance of the goods and the ownership
of the property insured must ... interest of others, that is to say, not
necessarily the person insuring the interest must be the owner of the
property." [at para
insured such goods during transit to the buyer. It is not necessary that insurance
of the goods and the ownership of the property insured must ... interest of others, that is to say, not necessarily
the person insuring the interest must be the owner of the property." *at para
