N M ROTHSCHILD & SONS (CI) LTD v EQUITABLE LIFE ASSURANCE SOCIETY

[2003] Lloyd's Rep IR 371

QUEEN’S BENCH DIVISION

Before Mr Justice Cooke

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.