Damage
Endorsement attached to it.
5. There were also two Consequential Loss Fire Insurance
Policies. The first is dated 30th May 1983, No.CL8303058 ... consequential loss / malicious damage
caused by the riots, strikes and malicious
damage to their factory under the
Yes.
consequential loss (Fire Insurance)
Policies issued
insurance against loss or damage of crops or property from which the agricultural income is derived or an insurance against loss or damage in respect ... agricultural income; (2) emergency risk insurance, workmen's compensation insurance, money in transit insurance, case in safe insurance, consequential loss of profit insurance or personal
insurance against loss or damage of crops or property from which the agricultural income is derived or an insurance against loss or damage in respect ... agricultural income; (2) emergency risk insurance, workmen's compensation insurance, money in transit insurance, case in safe insurance, consequential loss of profit insurance or personal
inordinate delay on the part of the Insurance Company in assessing and paying the loss suffered because of the fire which took place ... within a period of one year.
11. Law and Practice on Consequential Loss Insurance, Halsbury's Laws of England, Fourth Ed. Vol. 25 Insurance
were not issued, the Insurance
Company is not bound to reimburse the losses suffered by the Complainant.
Contentions of the Insurance
Company:
(i). The
amount ... service by insurer to the insured,
as stated in Denis Riley, Consequential Loss Insurance and Claim, 4th
Edn., 1977, London, Sweet & Maxwell, at paragraph
Insurance Institute of India in "IC-57 Fire and Consequential Loss
Insurance" applicable to the 'output' method for computing losses ... Tariff Advisory Committee's (TAC)
General Regulation 1 on Consequential Loss (Fire) Insurance Section 1
which reads as under:
"Policy to constitute contract
made by Mr.Srivastan on
output basis.
The indemnity afforded by consequential loss insurance,
which is a claim for damages, is intended ... Tariff Advisory Committee's
(TAC) General Regulation 1 on Consequential Loss (Fire)
Insurance Section 1 which reads as under:
"Policy to constitute contract
Uniglobe Mod Travels Pvt. Ltd vs Travel Agents Association Of India & ... on 4 October
amount received by the assessee-company under an insurance policy known as "consequential loss policy" was income and, therefore, taxable. The assessee-company ... mills with certain insurance companies and had also taken out certain insurance policies of the type known as "consequential loss policy" which insured
supra) while dealing with a
case of the amounts received under an insurance policy it
was held that it would constitute income. It is sufficient ... certain
policies of the type knows as "consequential loss policy"
which insured against loss of profit, standing charges and
agency commission. The mills
