Life Assurance Contracts

Life assurance continues to be a topic of great practical significance, given the popularity of endowment mortgages and pensions, which contain an element of insurance, as well as the need for families to protect against the loss of their breadwinners. Since the first edition of this book in 1995 much has changed, with a fundamentally new regulatory structure under the Financial Services and Markets Act 2000, changes in divorce and bankruptcy law, as well as continued developments in areas such as insurable interest and utmost good faith. All these developments are covered in this new edition, which at the same time retains the extensive coverage of the well-established principles of this area of law. Areas dealt with include insurable interest, disclosure, cancellation, intermediaries, marketing, assignment, surrender and pension policies. This new edition has been comprehensively revised and updated to take account of changes since the last edition was published.

This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1902 edition. Excerpt: ... CHAPTER XXIX. NOVA SCOTIA. Synopsis. The life insurance law of Xova Scotia is found in E.S.N.S. 1900, c. 112, and is similar to the Imperial Married Woman's Property Act, 1870. It protects insurance for husband, wife, and children. Creditors are, however, entitled to recover premiums paid in fraud of them. A wife may insure her own life or that of her husband. Insurance by a man or woman for the benefit of wife, husband, and children, creates a trust, and is protected against creditors except so far as premiums are paid in fraud of creditors on a policy similarly effected. There are no provisions for apportionment and revocation. In case the wife is validly divorced for cause, or is guilty and her guilt is not condoned, she loses her interest in Ithe insurance moneys, which go to the children, and if no children, then to the husband. NOVA SCOTIA STATUTE. (R.S.KS. 1900, c. 112.) INSURANCE BY OK FOR MARRIED WOMEN. 20. A married woman may effect a policy of insurance upon her own life or the life of her husband for her separate use; and the same and benefit thereof shall enure accordingly. 1898, c. 22, s. 11. 21. (1) A policy of insurance effected, (a) By any man on his own life, and expressed to be for the benefit of his wife, or of his children, or of his wife and children, or any of them; or, (b) By any woman on her own life, and expressed to be for the benefit of her husband, or of her children, or of her husband and children, or any of them, shall create a trust in favour of the objects therein named, and the moneys payable under any such policy shall not, so long as any object of the trust remains unperformed, form part of the estate of the insured, or be subject to his or her debts. See discussion of the Act from which this is taken...