SIXAK SAJJATA SURVEKSHAN 2021
A contract of Insurance comes into being when a person seeking insurance protection enters into a contract with the insurer to indemnify him against loss of property by or incidental to fire and or lightening, explosion, etc. This is primarily a contract and hence as is governed by the general law of contract. However, it has certain special features as insurance transactions, such as utmost faith, insurable interest, indemnity, subrogation and contribution, etc. these principles are common in all insurance contracts and are governed by special principles of law.
*તારીખ 24-8-2021ના રોજ રાજ્યની તમામ સરકારી પ્રાથમિક શાળા ના સમયમાં ફેરફાર બાબત*
*આજનો પરિપત્ર* 👇
FIRE INSURANCE:
According to S. 2(6A), "fire insurance business" means the business of effecting, otherwise than incidentally to some other class of insurance business, contracts of insurance against loss by or incidental to fire or other occurrence, customarily included among the risks insured against in fire insurance business.
Read More
સ્કૂલ ઓફ એક્સીલેન્સ કવીઝ અહીંથી આપો
According to Halsbury, it is a contract of insurance by which the insurer agrees for consideration to indemnify the assured up to a certain extent and subject to certain terms and conditions against loss or damage by fire, which may happen to the property of the assured during a specific period.
Thus, fire insurance is a contract whereby the person, seeking insurance protection, enters into a contract with the insurer to indemnify him against loss of property by or incidental to fire or lightning, explosion etc. This policy is designed to insure one's property and other items from loss occurring due to complete or partial damage by fire.
In its strict sense, a fire insurance contract is one:
1. Whose principle object is insurance against loss or damage occasioned by fire.
2. The extent of insurer's liability being limited by the sum assured and not necessarily by the extent of loss or damage sustained by the insured: and
શરી શિક્ષણમંત્રી ભુપેન્દ્રસિંહ ચુડાસમા સાહેબ ની પ્રેસ કોન્ફરન્સ*
*⏱️૨.૩૦ વાગ્યાથી શરુ*
એબીપી અસ્મિતા લાઈવ
3. The insurer having no interest in the safety or destruction of the insured property apart from the liability undertaken under the contract.
*શરી વિનોદરાવ સાહેબ ની પ્રેસ કોન્ફરન્સ*
Read More
SIXAK SAJJATA SURVEKSHAN 2021 BABAT RAJY PARIXA BOARD NO LATEST PARIPATRA.
LAW GOVERNING FIRE INSURANCE
There is no statutory enactment governing fire insurance, as in the case of marine insurance which is regulated by the Indian Marine Insurance Act, 1963. the Indian Insurance Act, 1938 mainly dealt with regulation of insurance business as such and not with any general or special principles of the law relating fire of other insurance contracts. So also the General Insurance Business (Nationalization) Act, 1872. in the absence of any legislative enactment on the subject , the courts in India have in dealing with the topic of fire insurance have relied so far on judicial decisions of Courts and opinions of English Jurists.
In determining the value of property damaged or destroyed by fire for the purpose of indemnity under a policy of fire insurance, it was the value of the property to the insured, which was to be measured. Prima facie that value was measured by reference of the market value of the property before and after the loss. However such method of assessment was not applicable in cases where the market value did not represent the real value of the property to the insured, as where the property was used by the insured as a home or, for carrying business. In such cases, the measure of indemnity was the cost of reinstatement. In the case of Lucas v. New Zealand Insurance Co. Ltd.[1] where the insured property was purchased and held as an income-producing investment, and therefore the court held that the proper measure of indemnity for damage to the property by fire was the cost of reinstatement.
શિક્ષકોના સર્વેક્ષણ અંતર્ગત ઉપયોગી ઓછા સમયમાં વધુ તૈયારી કરવા માટે માત્ર MOST IMP પ્રશ્નો ના વિડિયો નીચે આપેલ છે
📚 *ન્યુ ભાગ 5* Most imp EDUCATION FULL NAME
📚💥 *ભાગ 4*
📚 *ભાગ 1*
📚 *ભાગ 2*
📚 *ભાગ 3*
📚Education Full name Extra
👉🏻 Click here
The date of conclusion of a contract of insurance is issuance of the policy is different from the acceptance or assumption of risk. Section 64-VB only lays down broadly that the insurer cannot assume risk prior to the date of receipt of premium. Rule 58 of the Insurance Rules, 1939 speaks about advance payment of premiums in view of sub section (!) of Section 64 VB which enables the insurer to assume the risk from the date onwards. If the proposer did not desire a particular date, it was possible for the proposer to negotiate with insurer about that term. Precisely, therefore the Apex Court has said that final acceptance is that of the assured or the insurer depends simply on the way in which negotiations for insurance have progressed. Though the following are risks which seem to have covered Fire Insurance Policy but are not totally covered under the Policy. Some of contentious areas are as follows:
Read More
■ રાષ્ટ્રીય નવી શિક્ષણ નીતિ 2020 સમજૂતી સરળ ભાષામાં ડાઉનલોડ કરવા અહીં ક્લિક કરો
FIRE: Destruction or damage to the property insured by its own fermentation, natural heating or spontaneous combustion or its undergoing any heating or drying process cannot be treated as damage due to fire. For e.g., paints or chemicals in a factory undergoing heat treatment and consequently damaged by fire is not covered. Further, burning of property insured by order of any Public Authority is excluded from the scope of cover.
No comments:
Post a Comment