Case Law Analysis
Consumer Protection Act | Bank as Insurance Agent Liable for Erroneous Risk Disclosure Leading to Claim Repudiation : WB SCDRC
WB State Consumer Disputes Redressal Commission holds banks acting as insurance agents strictly liable for negligent misrepresentation in proposal forms, apportioning liability between bank and insurer for claim repudiation. The ruling reinforces the principle of uberrima fides and protects borrowers from procedural lapses by lending institutions.