Insurance Company, on the ground that the policy was taken only at 12.14 p.m. on 10.1.2000, proposing to have the insurance coverage operative from ... Section 64VB of the Insurance Act. There, the Insurance Company contended that the accident occurred on 20.5.1991. But the insurance policy became valid only from
section 36(1)(a) of the General
Insurance Business (Nationalisation) Act in respect of the General
Insurance coverage being given to the public property ... General Insurance
Business (Nationalisation)Act excludes any general insurance
business carried on by the State Government, to the extent the
insurance relates to the properties
insurance company on the ground that policy was taken only at 12.14 p.m. (noon) on 10.1.2000 proposing to have the insurance coverage operative from ... Insurance Act. There, the insurance company contended that the accident occurred on 20.5.1991. But the insurance policy became valid only from 21.5.1991. Therefore, the company
also filed a written statement denying liability and contending that the insurance coverage excludes the risks of passengers of a goods vehicle.
3. Before ... three kinds of liabilities mentioned therein there need not be any insurance coverage. The proviso itself is an exception to the general rule regarding insurance
getting the vehicle insured also and hence there was no
insurance coverage for the vehicle at the relevant time.
4. The Tribunal found that ... insurer, Oriental Insurance Company Ltd."
The plea of insurance company to absolve it, relying on National
Insurance Co. Ltd. v. Deepa Devi
dealing with traffic
simultaneously with the information of cancellation of the
insurance coverage to the owner/insured. Insurance is an
assurance. As per the scheme ... insurance
between the insurer and insured to cover the third party risk.
In that way, knowledge or information for not having valid
insurance coverage
decided to enter into an agreement with National Insurance Company Limited for 3rd party insurance coverage for all vehicles owned by the Corporation ... General Insurance Corporation of India as well as the National Insurance Company Ltd., with regard to extending the insurance coverage for the Corporation vehicles under
from June 8, 1993. However, he had gone out of the Insurance coverage from April 1, 1995 to December 31, 1996. Thus, there ... benefit. On January 1, 1997, he came within the insurance coverage by virtue of application of Rule 50 of the Rules, and paid the contribution
including the terms of the life insurance cover will be
explained to the customer. As the Insurance coverage is
optional, the applicable premium which ... Insurance Company towards the insurance premium of the
Housing Loan availed by the deceased C.Radhakrishanan Nair. In
order to give insurance coverage
vehicle.
The 2nd respondent - insurer filed a written statement, denying the
insurance coverage and disputing the compensation claimed.
MACA ... contention before the tribunal by
filing a written statement denying insurance coverage in respect of
the vehicle involved in the accident, on the ground that
