cover image: The Calcutta Law Journal  Short Notes of Cases  Articles and Other Matters  July 1  1927

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The Calcutta Law Journal Short Notes of Cases Articles and Other Matters July 1 1927

1927

Under the provisions of the Vbrkmen's Compensation Act of 1906 rights under the policy pass over to the injured workmen in case of bankruptcy of the assured if he bean individual or the winding up of the assured if it be a company. [...] Though this is so as a matter of fact the actual businesS. marine insurance transacted by the companies in trre United States is by no means inconsiderable ; nideed the volume of the marine insurance business of the Atlantic Mutual of New York almost rivals that of the British Lloyd's undoubtedly the greatest house for this business in the world. [...] The general principle of guarding the insured against unfair advantages that may be taken by the insurer under the terms of the policy finds expression in the regulation that the agent who solicits the insurance and takes the application shall be deemed to be the agent of the insurer in spite of the provisions to the contrary in the policy ; that when the falsity of a statement was known to the ag [...] is disallowed from setting up the suicide of the insured to avoid a claim under the policy ; the insurer is not allowed to show the true value of the subject matter of insurance in case of fire insurance when the value of the property destroyed was less than the amount set forth in the policy This last provision is most unwise as it disregards the principle of indemnity the fundamental ilea of i [...] The vexatious statutes of the United States of America have in many instances led to the withdrawal of the better class of insurance companies from a particular State and the remedy in numerous cases proved worse than the malady.
law
Pages
13
Published in
India
SARF Document ID
sarf.120108
Segment Pages Author Actions
Frontmatter
i-iii unknown view
The Calcutta Law Journal
1-10 unknown view

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