SCA remits case dealing with protection of insurance benefits from insolvency claims – Moonstone Information Refinery

SCA remits case dealing with protection of insurance benefits from insolvency claims – Moonstone Information Refinery

The High Court will have to reconsider a judgment which held that the life insurance benefits received by a surviving spouse were not protected from the claims of creditors of an insolvent estate. This follows an order by the Supreme Court of Appeal (SCA) last month. “The SCA’s judgment highlights the complexities surrounding the protection of life insurance benefits in the context of insolvency, especially where the beneficiary is a spouse of a…