Lloyd's Reinsurance Law Reports

M M D'Souza

Document

FUJI FINANCE INC. v. AETNA LIFE INSURANCE CO. LTD. AND ANOTHER

[1995] LRLR 490

CHANCERY DIVISION

Sir DONALD NICHOLLS, V.-C.:

Insurance (Investment Account) - Life assurance - Breach of contract - Plaintiffs took out insurance policy on life of policyholder-Policy enabled policyholder to switch units allocated between several funds - Insurers changed switching policy - Policyholder alleged insurers in breach and claimed damages - Whether policy a life policy within s. 1 of Life Assurance Act, 1774 - Whether insurers in breach of s. 16(1) of the Insurance Companies Act, 1982.

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