Supreme Court Judgment 2004Da56677 Delivered on September 22, 2006[Insurance Proceeds] [Main Issues] [1] The method of a third person's written consent which is a requirement for validity of life insurance contract which covers the death of a third person as an insured event [2] Whether the insured's approval of the life insurance contract which covers the death of a third person as an insured event renders the insurance contract valid, where the insurance contract had been concluded without written consent of the insured (negative) [3] The case holding that it does not violate the principle of trust and good faith for the insurer to argue the nullity of the life insurance contract which covers the death of a third person as an insured event where there was no written consent of the insured, even in the case where the insurer has been receiving the premium for years or has paid the hospitalization payment following the life insurance contract [Summary of Decision] [1...
Comments
Post a Comment