name of the
deceased as the deceased has no insurable interest.
16. By mere signing of the documents by Mr
M Shivanandan in favour ... interest
which can be protected by a contract of insurance. It is an interest of such a
nature that the occurrence of the event insured
preservation of insurance property. If the insured would suffer loss or derives benefit he would be having insurable interest in the subject matter ... insurance. The service which the insurer offers is with reference to the goods and the insurable interest has to be in respect of the goods
documents submitted by the Insured and we are also convinced that the Insured possesses "Insurable Interest", which is based on the "Deed ... Through the insured PEC Ltd. the insured item was transferred before the date of loss. Accordingly, the insured does not have insurable interest
insurable interest of the respondent / complainant in the insured property.
14. The insurable interest has been defined under section 7 of the Act as under ... every person has an insurable interest who is interested in a marine adventure.
(2) In particular a person is interested in a marine adventure where
every person has an insurable interest who is interested in a marine adventure.
In particular a person is interested in a marine adventure where ... Kameshwara Rao:
"Insurable interest may generally be defined as an interest which the person insuring will be deemed to have in the subject matter
insured. It could be of
some other party or unaccounted stock. And therefore the insured does not
have any insurable interest in it.
COSTING ... some pthw party and not the insured. Thus the jnsnrpd
do n&have any insurable interest in the stock damaged aiiTaZe
insured property. If the insured would suffer the loss or derive the benefit he would be having an insurable interest in the subject matter ... Insurance:
"Insurable interest is not synonymous with legal interest. Thus an interest on an agreement to purchase is an insurable interest. A warehouse
benefit.
(3) The owner of insurable property has an insurable interest in respect of the full value thereof, notwithstanding that some third person may have ... first ground of repudiation is that the insurer had no insurable interest in the subject matter of the insurance. A perusal of the said letter
subject-matter insured.
We require M/s. R. Piyarelall International Pvt. Ltd. to prove it had an insurable interest in the cargo at the time ... subject-matter insured.
2) We require M/s. R. Piyarelall International Pvt. Ltd. to prove whether it had an insurable interest in the cargo
every person has an insurable interest who is interested in a marine adventure; (2) In particular, a person is interested in a marine adventure where ... behalf of his foreign principal; the four Indian consignees insured had no insurable interest at all times and at the inception of the policy
