Commentary

47 Conditions of sale as to validity of policy

CHOSES IN ACTION vol 7
| Commentary

47 Conditions of sale as to validity of policy

| Commentary

G: ASSIGNMENT OF LIFE POLICY

47 Conditions of sale as to validity of policy

Agreements for sale or conditions of sale relating to policies of assurance commonly include conditions that the production of the receipt for the last premium due shall be deemed sufficient evidence as to the validity and subsistence of the policy1, and, where the policy was effected by a person other than the life insured or the husband or wife of the insured2, that a statutory declaration that the person effecting the policy had an insurable interest shall be accepted as conclusive3

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