Book Description

Life Insurance Law in the Caribbean Commonwealth, 2nd edition provides a unique amalgam of the many influences that go to make life insurance law in the Commonwealth Caribbean. Providing a comprehensive study of the English law of life insurance as it applies in Trinidad and Tobago, it deals with the relevance of the doctrines and terminologies it has absorbed and adopted from other jurisdictions and provides a detailed overview of the many crucial issues of modern life insurance law including: Lapse and forfeiture of life policies and application of the doctrine waiver; The legal framework governing group life policies and the common law; Statutory treatment of names beneficiaries New Case Law - New Legislation - New Content Now in its second edition, this authoritative work has been thoroughly updated and revised to take account of all relevant case law and legislative changes and development. New coverage in this edition includes: The treatment of the new statutory provisions dealing with beneficiary designations; The decision of the Court of Appeal in Trinidad and Tobago in the case of Cheong v Board of Inland Revenue; The repeal of the English Life Insurance Act of 1774; The decision of the Court of Appeal in Trinidad and Tobago in the case of Bank of Commerce of Trinidad and Tobago Limited v Lakhan; The new forms of life policies; The question of insurable interest; The issue of policies being used as instruments to extract bonuses in a tax free manner in Trinidad and Tobago; The presumption against suicide. This is essential reading for all insurance company staff, insurance brokers, solicitors, accountants, tax consultants and financial planners throughout the Commonwealth.