EAST WEST LIFE ASSURANCE COMPANY LIMITED versus MST. TEHMINA BASHIR
Sections (76 ()) and ? 130 ((?)) of the insurance company Complainant alleges fraud and misconduct by some of the insurance company's officers and agents in the name of issuing insurance. , 000,, 000 rupees has been left unpaid by the policies of the Insurance Company Investigation Officer, stating that the officers were involved in fraud and misconduct, and brought their misconduct to the notice of senior company officials. , The insurance company was unable to properly exercise control over its field officers and agents, which in turn led to the loss of control by company officials. This defect of defective internal control in the company's management also betrays some disturbing situations for many in the past, among other things - cheating the spouse / widow. The insurance ordinance was sustained under section 130 (2) of 2000 and the insurance company was instructed to pay the complainant in question, as well as the complaint under section 118 of the ordinance within 30 days of the dismissal. The recipient was suffering from this mental torture order after he had withdrawn his money. \ r \ n \ r \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2013