The mortgagee of a life insurance policy may sue in his own name1. Notice of the mortgage must, however, be given to the insurance office, and the dates on which several notices are received will regulate the priority of all claims under different assignments2. A letter by a debtor enclosing a policy on his life and requesting the creditor to instruct his solicitor to prepare the necessary assignment3, or a memorandum accompanying a deposit of a policy by which the borrower agrees to execute a
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234