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lawtrend.in > no-insurance-risk-without-advance-premium-under-section-64vb-supreme-court-sets-aside-ncdrc-order-against-new-india-assurance

No Insurance Risk Without Advance Premium Under Section 64VB: Supreme Court Sets Aside NCDRC Order Against New India Assurance

3+ week, 5+ day ago   (400+ words) In May 2010, the respondent inquired through its broker regarding policy enhancement if turnover crossed INR 600 Crores prior to six months. On May 17, 2010, a Divisional Manager of the insurer clarified via email that upon payment of the second installment in July…...