found that the plaintiff had an interest in the
property, the said interest would definitely be insurable and the
defendant has also not shown ... interest of the assured in the subject-matter of
insurance, not the legal interest only, but the beneficial
interest.
Thus it follow that insurable interest
such an
interest; or
(b) where the policy is made "interest or no
interest", or "without further proof of interest than
the policy ... insurable property at risk therein, in
consequence of which, he may benefit by due arrival of insurable
property and may incur insurable interest
order to sustain a claim for marine insurance the insured
must possess requisite insurable interest in the goods at the relevant point
of time ... respect thereof.
8. When interest must attach.-(1) The assured must be interested in
the subject-matter insured at the time of the loss, though
loss suffered by the insured but surely
such report is neither binding upon the insurer nor insured.
37. The surveyors have reported that the building ... admitted by the
Insurers."
12. As noticed earlier, the learned Single Judge held that the appellant had
insurable interest; he also held that
Insurance:
"Insurable interest is not synonymous with legal interest.
Thus an interest on an agreement to purchase is an
insurable interest. A warehouse ... such interest can be insured. The learned judges also
held that the insurer can recover an insurable interest and
they can recover only to that
grounds s that she had not insurable interest and that she ahd stated in the proposal the was literate and did not observe pardah, which ... matter there for the insure can content that there was no insurer can contend that the was no insurable interest.
12. The further question
maintained by the petitioner that Chela Ram had no insurable interest at the time of the accident nor at the date of the entering into ... standing to file the petition?
2. Whether Chela Ram has no insurable interest at the time the insurance policy was effected?
3. Whether the policy
After the sale, the insured was left with no insured was left with no insurable interest in the vehicle. Therefore, under the terms ... insured person.
24. Section 96(1) of the Act reads as under :
"Duty of insurers to satisfy judgments against persons insured is respect
IDBI Ltd. and had decided
to do so in the interest of LIC and its stakeholders.
57. Plainly, this Court cannot reappraise the decision ... LIC to manage the same. After considering the
same, the LIC's Board passed the following resolutions:-
"RESOLVED THAT LIC of India
statement?
8. Whether the Defendants prove that the Plaintiffs have no insurable
interest and hence are not entitled to make any claim under the insurance ... Whether the plaintiff had interest in the goods or have insurable
interest as alleged in paragraphs 9 and 18 of the plaint?
19. Whether
