Therefore in most of the cases, product features are either not fully disclosed to a potential policy holder
or exaggerated, especially as regards the Rate of Return in case of saving policies.
In our view, the constitution of the Tribunal under the special law vide notifications dated 20-6-2006, gave rise an intimation to the insurance policy holders
to seek enforcement for their claims from the learned Insurance Tribunal constituted under the ordinance of 2000, therefore, in our opinion the limitation for moving the Tribunal for the enforcement of insurance policy claim will commence from the date when the Tribunal was constituted for the first time on 20-6-2006.
Porting in health insurance sector is current adopted in many developed countries, where policy holders
have the freedom to switch to any other insurer at any time during the tenure of the policy, which is generally a year.
"We are a mutual insurance company and it would be unfair to other policy holders
to be effectively paying out their money for an invalid claim."
The agents succeeded in collecting Rp 13.765 billion from policy holders
. In 2002, life insurance sector provided jobs for 95,798 people (81,750 agents and 14,040 employee).
Courts around the country are split on the representation issues, including a recent ruling from the Montana Supreme Court that insurance lawyers represent only the policy holders
, Bianchi said.
Whereas according to him in cases where the insurance company has any claim against the policy holder
then they can file a civil suit before the Civil Court having territorial and pecuniary jurisdiction and according to him the Insurance Company has no jurisdiction to agitate the grievance before the Insurance Tribunal, so he has jurisdiction to agitate the grievance before the Insurance Tribunal, so he has contended that the impugned orders by the two courts below merits to be set aside and further according to him the other provisions of the Insurance Ordinance 2000 such as section 127(1).
KARACHI -- The State Life Insurance has earned a profit of Rs154 billion during 2016-17 and distributed over Rs38 billion among its policy holders
master policy holder
as against the beneficiaries..."
The inspection revealed that the appellant has failed to meet the requirements of the Ordinance and has completely disregarded the interest of the policy holder
. The appellant adopted misleading and deceptive market conduct to sell the package and has failed to make the necessary disclosures to the policy holders
The certified public adjusters at The Public Adjusters, with offices throughout Florida and licensed adjusters in eleven states, say it is always in the best interest of an insurance policy holder
to understand all facets of their policy, it's also important to remember that an insurance adjuster assigned by your insurance provider has no allegiance to the policy holder