Insurance and Property

Generally, a clause in an insurance policy states that if no action is taken within a year of the repudiation of a claim by the insurer, the insured will have no right against the insurance company. It has been judicially decided that such a clause is valid and effective. Where a period is specified for instituting a suit for possession of any property, the right to such property is extinguished on the termination of that period. On this principle, 12 years of adverse possession of land by a wrong-doer extinguishes the title upon the wrong-doer. The period of limitation in suits by the Government is 30 years except for a suit in the Supreme Court in exercise of its original jurisdiction.