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 transfer itself, because of the distinction between the transfer of liabilities, and a surrender of the rights inhering in the insured.
Citations:
Times 26-Jul-1999, [1999] EWCA Civ 1872
Links:
Statutes:
Jurisdiction:
England and Wales
Citing:
Appeal from – In Re Friends’ Provident Life Office ChD 4-Jan-1999
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 . .
Lists of cited by and citing cases may be incomplete.
Insurance
Updated: 31 May 2022; Ref: scu.146787
