EFU GENERAL INSURANCE LIMITED vs EXECUTIVE DIRECTOR, INSURANCE-SECP Rr — 2025 CLD 1621 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN

Case information

Citation: 2025 CLD 1621 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN
Year: 2025
Reporter: CLD
Parties: EFU GENERAL INSURANCE LIMITED vs EXECUTIVE DIRECTOR, INSURANCE-SECP Rr
Subject matter: Criminal

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

EFU GENERAL INSURANCE LIMITED VS EXECUTIVE DIRECTOR, INSURANCE-SECP Rr. 24(1) & 24(2)---Motor insurance claims---Survey conducting of---Scope---Argument of the applicant was that, in terms of R. 24(2) of the Securities and Exchange Commission (Insurance) Rules, 2002 ('the Rules, 2002'), survey of motor insurance claims was not required where the claimed amount was below twenty-five thousand rupees---Validity---Sub-rule (2) of the R. 24 of the Rules, 2002, pertains to power of the Commission to issue direction to an insurer to conduct an independent insurance survey in the event of situations mentioned in sub-rule (1) of R. 24 of the Rules, 2002, subject to the threshold provided in sub-rule (2) thereof---Thus, argument of the applicant was mis-construed :firstly, for the reason that the applicant in its pleadings had admitted that as a policy, small losses below Rs. 25,000 were not uploaded to the internet system and the applicant started the practice of uploading all losses in their internet system from 2011; secondly , the said Rule provided the threshold in connection with the independent insurance survey to be conducted on the direction of the Commission and not the survey that was conducted as a consequence of filing of a claim by the policy-holder---Applicant failed to highlight legal or factual error discernable on the surface of the impugned Order---Review application was dismissed.

Other judgments reported in 2025 CLD

2025 CLD 1438 KARACHI-HIGH-COURT-SINDHIN THE MATTER OF THE COMPANIES ACT, 2017 VS BEACH LUXURY HOLDINGS (PRIVATE) LIMITED, SPENCER AND COMPANY (PRIVATE) LIMITED AND PHYSONS (PRIV…
2025 CLD 53 INSURANCE-TRIBUNAL-LAHOREMUHAMMAD TARIQ VS JUBILEE LIFE INSURANCE S. 77---Language of policy documents---Principle---It is mandatory requirement of law to use plain…
2025 CLD 288 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTANUNITED INSURANCE COMPANY OF PAKISTAN LIMITED VS The DIRECTOR/HOD, ADJUDICATION-I, ADJUDICATION DIVISION, SECP, ISLAMABAD Ss. 156 & 167---Tak…
2025 CLD 872 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTANThe UNITED INSURANCE COMPANY OF PAKISTAN LIMITED VS The HOD, ADJUDICATION-I, ADJUDICATION DIVISION, SECURITIES AND EXCHANGE COMMISSION OF PA…
2025 CLD 435 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTANHAJRA TEXTILE MILLS LIMITED VS DIRECTOR, CORPORATE SUPERVISION DEPARTMENT, SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN S. 33(1)(a)---Comp…
2025 CLD 393 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTANUBL FUND MANAGEMENT LIMITED VS Ms. MOMY KAMAL Reglns. 66a(c)(i), 66a(c)(iv), 66a(d) & 66a(f)---Investing in Equity/Mutual Funds---Mis-sellin…

Back to the case-law library · Search Pakistani case law in Urdu or English