name of Siddaiah, respondent-8 herein, who had no insurable interest since the vehicle did not stand in his name. Therefore, the insurance company ... because the Insurance Policy stands in his name. Referring to the insurable interest of a person dealt with under Chapter XV of Principles of Insurance
name of Siddappa, respondent-8 herein, who had no insurable interest since the vehicle did not stand in his name. Therefore, the Insurance Company ... because the Insurance Policy stands in his name. Referring to the insurable interest of a person dealt with under Chapter XV of Principles of Insurance
insurer in respect of a vehicle which the
insured appears to have transferred and no such
intimation had been given to the insurer. Before ... held that moment the
vehicle is transferred, the insured cease to have
insurable interest and therefore, the insurer is not
liable. The full bench
entitled within the prescribed period, has directed both the insured and the insurer to pay interest at the rate ... under the Policy shall not extend to indemnify the insured/insured in respect of any interest and/or penalty which may be imposed
that the insurer may not know about the accident at all and as such the insurer cannot be made liable for interest. The Learned Counsel ... Learned Counsel for the insurer do not dispute that the insurer is liable to pay the interest awarded by the Tribunal in exercise
ESI Court in ESI 28/1998, learned Counsel would contend that the ESI Court has seriously erred in this regard by limiting the interest only ... ESI Court. Subsequently when the ESI application was disposed of by the ESI Court on 7.2.1997, the contribution which had been determined by the ESI
that the insurer may not know about the accident at all and as such the insurer cannot be made liable for interest. The learned counsel ... behalf. The learned counsel for the insurer do not dispute that the insurer is liable to pay the interest awarded by the Tribunal in exercise
against the insurer. If a third party risk arises under the policy, it is entirely a matter between the insurer and the insured governed ... section (2) thereof. Thus, after the insured has parted with his vehicle, he has no longer any insurable interest to which the policy
effect that if the insured had transferred the vehicle he has no longer any insurable interest under the policy which lapses, the Division Bench ... section (2) thereof. Thus, after the insured has parted with his vehicle, he has no longer any insurable interest to which the policy
good not only the principal amounts of compensation payable by insured employers but also interest thereon, if ordered by the Commissioner to be paid ... liable to meet the claim for compensation along with interest as imposed on the insured employer by the Workmen's Commissioner under the Compensation
