When a policy of re-insurance is returned to the re-insurer, the policy is thereby determined, and can no longer be long term insurance business and the policies having been finished were not transferred and the court was unable to approve a transfer.
Citations:
Times 04-Jan-1999, Gazette 27-Jan-1999
Jurisdiction:
England and Wales
Cited by:
Appeal from – In the Matter of Friends Provident Life Office and Friends Provident Linked Life Assurance Limited CA 16-Jul-1999
Where a re-insurer transferred his entire re-insurance business as one whole, that transfer remained a transfer of long term business requiring the sanction of the court to the scheme. The policies were discharged by operation of law, not by the . .
Lists of cited by and citing cases may be incomplete.
Insurance
Updated: 18 July 2022; Ref: scu.81894