Case Law Analysis
Non-standard insurance settlement upheld; interest limited to date of untrace report acceptance | Sec 41 CPA 2019 - Insurance Claim : Punjab SCDRC
The Punjab SCDRC upheld a non-standard settlement of an insurance claim and limited the claimant’s interest to the date the insurer accepted the untrace report. The ruling interprets Section 41 CPA 2019, narrowing interest entitlement for policyholders and confirming insurers’ right to settle on a non-standard basis.