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    <title>1997 (4) TMI 501 - Supreme Court</title>
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    <description>The Supreme Court held that the general agent did not have authority to collect premiums on behalf of the insurer. As a result, the payment made to the agent was not considered as payment to the insurer. The court found that the insurance policies had lapsed due to non-payment of the premium within the grace period, and the doctrine of apparent authority was not applicable in this case. The Court directed the insurer to refund the premium paid on the policies to the appellant with interest and awarded costs to the appellants.</description>
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    <pubDate>Fri, 04 Apr 1997 00:00:00 +0530</pubDate>
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      <title>1997 (4) TMI 501 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=173599</link>
      <description>The Supreme Court held that the general agent did not have authority to collect premiums on behalf of the insurer. As a result, the payment made to the agent was not considered as payment to the insurer. The court found that the insurance policies had lapsed due to non-payment of the premium within the grace period, and the doctrine of apparent authority was not applicable in this case. The Court directed the insurer to refund the premium paid on the policies to the appellant with interest and awarded costs to the appellants.</description>
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      <pubDate>Fri, 04 Apr 1997 00:00:00 +0530</pubDate>
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