Amar Jain purchased a second hand car in December 2010, which was insured by New India Assurance by the previous owner. Jain did not inform the insurance company about the registration transfer or get the insurance policy transferred to his name. When Jain filed a claim on the car being stolen in March 2011, his claim was rejected on the grounds that the claim was not in his name. 1) Explain whether insurance company rightly rejected the claim? 2) Can Jain file a complaint if claim is rejected. If yes, where? What will be final decision?
Amar Jain purchased a second hand car in December 2010, which was insured by New India Assurance by the previous owner. Jain did not inform the insurance company about the registration transfer or get the insurance policy transferred to his name. When Jain filed a claim on the car being stolen in March 2011, his claim was rejected on the grounds that the claim was not in his name. 1) Explain whether insurance company rightly rejected the claim? 2) Can Jain file a complaint if claim is rejected. If yes, where? What will be final decision?
Chapter11: Property Dispositions
Section: Chapter Questions
Problem 61P
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Question
Amar Jain purchased a second hand car in December 2010, which was insured by New India Assurance by the previous owner. Jain did not inform the insurance company about the registration transfer or get the insurance policy transferred to his name. When Jain filed a claim on the car being stolen in March 2011, his claim was rejected on the grounds that the claim was not in his name.
1) Explain whether insurance company rightly rejected the claim?
2) Can Jain file a complaint if claim is rejected. If yes, where? What will be final decision?
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