We often observe that warranties are inserted in marine insurance policies to protect insurers' interests. However, Courts construe insurance policies in a manner consistent with commercial efficacy and business common…
[caption id="attachment_28573" align="alignleft" width="148"] Prof (Dr.) Abhijit K. Chattoraj[/caption] Imagine a scenario: A claims manager, in a Standard Fire and Special Perils Policy, observed during the processing of the claim…
[caption id="" align="alignleft" width="134"] Prof (Dr.)Abhijit K Chattoraj[/caption] The ejusdem generis rule states that the meaning of any general term depends upon the specific words that go before it. The…
[caption id="attachment_28221" align="alignleft" width="120"] Abhijit K Chattoraj[/caption] Context becomes very important when decoding a word used in a policy. In other words, the meaning of a word depends always on…
The interpretation of words is vital when settling a claim. From time to time, the courts have created rules to clarify [caption id="attachment_27721" align="alignleft" width="148"] Prof (Dr.) Abhijit K. Chattoraj[/caption]…
It is heartening to note that the regulator in India (IRDAI) recently formed a high-power panel to suggest measures for insurance reforms. It is expected to examine various areas of…
If today's organizations have to survive and sustain themselves, they must invest in ethical capital, or they will go the way of dinosaurs. In other words, all capital ventures must…
[caption id="attachment_27215" align="alignleft" width="129"] Prof(Dr) Abhijit K.Chattoraj[/caption] Trust is a much-used, misused, and often abused word in insurance terminology. The entire insurance business is executed based on trust, yet misselling…
Mr. Ashok Kumar Roy, former Chairman-cum-Managing Director of GIC Re breathed his last on 5th June. He suffered a massive heart attack on 4th June while visiting Haridwar along with…
Abstract – The Certificate of Registration is an important document asked for at several junctures right from the issuance of a policy to the settlement of a claim. The research…