loaded on to the ship leaving the exporter with no insurable
interest in the consignment.
6
5. The Commission received three affidavits as evidence ... person has an insurable interest who is
interested in a marine adventure.
12
(2) In particular a person is interested in a
marine adventure where
enquiry from the appellant as to whether the
latter had any insurable interest in the life ... insured and what consideration had passed from
him to the insured. To this the appellant replied
that he had no insurable interest in the life
that the insurance
cover was intended to secure only the "insurable interest" of the appellant
in the dispatches. It was urged that ... insurer, not even at the instance of the consignee, who
otherwise is a stranger to the contract between the insurer and the
insured. We have
read with S. 94 .
would make the original owner retain the insurable interest. The insurable
interest in this case is not the proprietary interest ... long such obligation continues
notwithstanding the cession of proprietary interest the insurable interest
which is the foundation for the continuance of the operation
order to prefer a claim under the
policy the insured must have an insurable interest in the
subject-matter insured at the time of loss ... 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
insurer will provide a co-insurer with a defence to a like claim against
it. In other words, two or more insurers must have insured ... subject-matter insured that interest. It is more likely, however,
that different assureds will have different interests in the insured subject-matter,
and there
life
of another in which he has no insurable interest does ... apply to the
assignment by the insured of a valid policy to one not having an insurable
interest. In the impugned Judgment, the High Court
order to prefer a claim under the
policy the insured must have an insurable interest in the
subject-matter insured at the time of loss ... 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
awards of Workmen's Commissioner
imposing penalty and interest
against the insured employer under
Section 4A(3) of the Compensation
Act."
The High ... company which had
insured the appellant against risks arising out of the use
of the insured motor vehicle. That he was insured
comprehensively
insured with the insurance company. The plant and machinery of
the cold store was insured for Rs.5 crores and the stocks were
insured ... declaration made by the insured. In case the insured had written
that there were no persons who had an insurable interest, the
position may have
