Banking

N M Rothschild & Sons (CI) Ltd v Equitable Life Assurance Society Queen’s Bench Division, Mr Justice Cooke, 21 May 2002

Banking – Insurance (life) – Surrender of policy – Policies assigned by policy holders to bank – Bank giving notice of surrender to insurer – Insurer demanding further proof of bank’s title – Fall in surrender value of policies following refusal of payment – Date on which calculation of surrender value to be made – Whether bank had objectively demonstrated title – Proof of assignment