Insurer obliged to check applicant’s financial status, court rules
The Penang High Court affirms a lower court ruling in favour of a mechanic who sued his insurer after he was not allowed to claim for permanent disability.
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https://www.freemalaysiatoday.com/category/nation/2024/08/07/insurer-obliged-to-check-applicants-financial-status-court-rules/
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Read More:
https://www.freemalaysiatoday.com/category/nation/2024/08/07/insurer-obliged-to-check-applicants-financial-status-court-rules/
Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.
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NewsTranscript
00:00The Georgetown High Court has upheld a decision saying that an insurance company has the responsibility
00:09to check an applicant's financial status.
00:13The court also said that any contract entered into good faith was legally binding, even
00:18when one party was bankrupt.
00:20Following the court's decision, Alliance General Insurance Company Burkhardt must now honour
00:25a policy it sold to mechanic Chong Heng Fook, who lost his left thumb in a workplace incident
00:31in May 2018.
00:33The 58-year-old man then sought treatment at a private hospital in Sungai Petani and
00:38Alliance covered his surgery, which cost over RM11,000.
00:42However, the insurer later declined Chong's request to claim the remainder of the sum
00:48and permanent disability benefits because he had failed to disclose the fact that he
00:52was declared bankrupt in 2004.
00:55Chong then filed an originating summons against Alliance.
00:59The session's court ruled in his favour in 2022, saying it was the insurer that had failed
01:04to carry out due diligence.