#Insurable Interest

[nando161mando]

Interesting 🤔

[seemabhatnagar]

"Lucknow High Court Upholds Insurable Interest Despite Pending Vehicle Transfer"

The right to claim insurance is not negated till the ownership is formally transferred.

The High Court upheld the Permanent Lok Adalat’s decision and held that the Respondent-Govind Gupta retained an insurable interest in the truck, despite the pending transfer to Sanjeev Kumar.

Background

Govind Gupta, the owner of a truck insured by New India Assurance Company for ₹13,00,000, filed a claim after the truck was involved in an accident on November 1, 2020. He submitted repair bills amounting to ₹4,85,768. The insurance company rejected the claim, citing the truck’s transfer to Sanjeev Kumar, who was paying the loan installments but had not formally transferred the vehicle.

The New India Assurance Company Limited, Lakhimpur Kheri v. Permanent Lok Adalat, Lakhimpur Kheri And Another

WP 3907/2024

Before the Allahabad High Court

Heard by Hon'ble Mr. Justice Subhash Vidyarthi J

Legal Issue

Whether the Respondent - Govind Gupta, having transferred possession of the truck to Sanjeev Kumar through an agreement but without formally completing the ownership transfer, retained an "insurable interest" in the truck, making him eligible to claim insurance?

Argument of parties

Petitioner's Argument (Insurance Company)

Since the petitioner had transferred possession of the truck to Sanjeev Kumar, he no longer had an insurable interest, making him ineligible to claim compensation.

Respondent's Argument (Govind Gupta)

The formal transfer of the truck had not yet occurred, as the loan, had not been fully repaid, and he remained the registered owner.

Court's Observation

Under Section 157 of the Motor Vehicles Act, 1988, the transfer of ownership and the insurance policy are deemed to transfer together, provided the ownership is legally transferred.

In this case, the truck had not been formally transferred, as the loan repayment was still ongoing.

Seema Bhatnagar

[is1of1]

[alighterwithlove]

if you talk to the average conservative voter, they'll always talk about their conservative representative with unabashed enthusiasm. "this guy is supporting my rights!!!!!" even when the representative is very much not supporting their voting constituents' rights in some cases (ie. poor white ppl not realizing they're getting poorer because of their representative)

and I bet that's why conservative candidates are so good at winning. any person listening to their voters only gets a great impression of the candidate.

and if you talk to the average liberal/leftist voter, they all hem and haw. "oh yeah, I voted for them but they're Okay, they're Disappointing. they haven't done this. they haven't done that." and I bet if you fucking pressed them to state some Good Beneficial Legislation they've passed, either the voter 1. can't name any, or 2. has to attach caveats. ("yeah biden passed student loan forgiveness BUT not ALL loans were forgiven")

why aren't we ever excited about incremental progress. why aren't we cheering to the sky about every win. maybe more people would vote if there was genuine excitement, the same type of excitement that conservative voters seem to have about anything labeled "conservative".

I'm just so fucking tired of hearing ppl be like "I'm just disillusioned with my leftist representative" EVERY TIME but are DEAD SILENT on the small victories, the progress. conservatives know how to do this, and that's why they build momentum into the next election. why does this seem impossible for the other side.

[cathuniverse]

https://gofund.me/8eb9ca29

I'm in a tight spot for the next couple of weeks. Anything you can do to help even just a boost and a share that would be swell.

[exocynraku]

from yesterday

[lokh]

commissions opening very soon cos im about to get hit with vet bills -_-

[travelingtwentysomething]

(T-shirts and Stickers for the Revolution)

[dynamitekansai]

wweonfox: Solo just called out Roman Reigns! 🤯

[frogaroundandfindout]

You remember when dick was in space (for the first time with the new teen titans) because komand’r took Kory back and they needed to save her? And you remember how he understood it was a war they were fighting and that they needed to do what they had to in order to survive it? And how when Gar told him he needed to control Kory, dick wondered if he even should try to stop her from killing her sister? And how he literally killed to save her (there’s some deniability but he’s literally hitting them with lasers described as deadly right in the head)? I do.

[forcebookish]

had to stop taking the new adhd medication but the good news is i can drink coffee and iced tea again

[jamesrodayrodriguezpresents]

SAG-AFTRA is officially set to join the WGA in going on strike. No filming, premiere attendence or other promotion of any kind allowed.

I hope to see nothing but support for this decision.

[lavampira]

.

[gl1tchr]

Perfumist watching Deerman become a more legitimate Sona to me

[vodid]

i remember in 6th grade, my middle school had us go on a field trip where we pretend lived as adults with jobs and car insurance in a little town to teach us more about the adult world and i was so unhappy with the job they assigned to me that i went on to never get a fucking job how cool is that

[shirogane-oushirou]

no promises anymoooooreeeee i'll appear online when i appear online 😭 every time i say "ooh i think life is almost done being overwhelming!" it. becomes even more overwhelming in the dumbest ways. all i can manage rn when i'm not stressing myself into a shut-down state is staring at the wall while listening to youtube essays + mindlessly crocheting.

i might queue up ppls art and fics w/o commentary in the tags... i want other ppl to see what all of my cool friends have made, but i genuinely can't think right now with this monstrous brain fog. i'm really sorry, just. yeah. maybe i'll think of some way to make it up later!!! once the dust has settled!!!! but until then i wuv u and miss u. smiles.

[venting in tags including familial manipulation and ableism. i. didn't mean to write all of that, thiss was originally going to be a main blog post but. aaaaaAAAAAA!!!!!

also no need for replies or anything, i'd turn them off for just the one post if i could kjsndkn, i just needed to get things out and go eep jsjndsfdn ok bye bye bye bye!!!!]