hiiiiii friends plzz solve the foolllooooooowing case..
The insured (since deceased) had taken out four life
policies with double accident benefits, premium payable half-yearly. When the
third premium fell due, an agent of the insurer met the insured and took a
bearer cheque towards the premium payable by him in respect of the policies.
Although, the cheque was encashed immediately, it was not deposited with the
insurer for 3 months. In the meantime, the insured met with a fatal accident and
died. The widow filed a claim for payment of the sum assured. The insurer
pleaded that the insurance agent had no implied authority to collect the
premium. Will the widow succeed in her claim?
regards,
Abha Gupta