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1. Introduction This piece looks at the circumstances when an insured may be entitled to return of premiums paid under a life insurance policy. There are no provisions on return of premium in the Insurance Act 2003 and the matter is guided by the common law and the conditions of the insurance policy...

1. Introduction The statutory provisions of section 55 of the Insurance Act 2003 altered the common law on the matter and complicated the law on this subject. The situation is not helped by the absence of binding appellate judicial interpretation of the provisions of section 55 of the Act. I have at...

1. Introduction Motor insurance claims disputes still remain a major cause of litigation in the insurance industry today. One reason is the mandatory nature of motor insurance. Section 68(1) of the Insurance Act 2003 requires every motor user to have compulsory third party motor insurance. Section 6...

1. Introduction The issue of bonds, whether performance bonds or advance payment bonds still remains a major cause of litigation in the insurance industry today. The terms and conditions of bonds are dictated by the insurer with little input from the contractor or principal, yet the current wordings...

1. It is a widespread practice for parties in business transactions to enter into a Memorandum of Understanding (MOU) after negotiations, without later drawing up and executing a comprehensive contractual agreement between them. In the event of a dispute, the question is whether or not the MOU const...