https://www.taxtmi.com/caselaws?id=198753 Section 64-UM of the Insurance Act allows an insurer to obtain a survey report for high-value claims, but the first report is not conclusive and a further survey may be sought where there are valid reasons to doubt its adequacy, accuracy, or completeness. Repeated appointments cannot be made mechanically or to secure a tailor-made report, and cogent reasons must be disclosed for not accepting the earlier assessment. On interest, compensation for delayed settlement depends on the facts, the delay in payment, and the claimant's loss of use of money; the rate must reflect prevailing circumstances and fairness. The interest component was re-computed at 9% per annum from the date of the Chartered Accountant's assessment. en-us Mon, 24 Aug 2009 00:00:00 +0530 Thu, 08 Feb 2018 12:48:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198753 Section 64-UM of the Insurance Act allows an insurer to obtain a survey report for high-value claims, but the first report is not conclusive and a further survey may be sought where there are valid reasons to doubt its adequacy, accuracy, or completeness. Repeated appointments cannot be made mechanically or to secure a tailor-made report, and cogent reasons must be disclosed for not accepting the earlier assessment. On interest, compensation for delayed settlement depends on the facts, the delay in payment, and the claimant's loss of use of money; the rate must reflect prevailing circumstances and fairness. The interest component was re-computed at 9% per annum from the date of the Chartered Accountant's assessment. Case-Laws Indian Laws Mon, 24 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198753