THE INSURER’S DUTY OF DISCLOSURE - THE MARKETING OF LIFE POLICIES

(Norwich Union Life Insurance Society v Qureshi [1999] Lloyd’s Rep IR 263; Aldrich v Norwich Union Life Insurance Society [1999] Lloyd’s Rep IR 2 76)

In two decisions in 1998, Norwich Union Life Insurance Society v Qureshi [1999] Lloyd’s Rep IR 263 and Aldrich v Norwich Union Life Insurance Society [1999] Lloyd’s Rep IR 276 , the holders of life policies issues as part of a guarantee scheme for potential liabilities of Lloyd’s Names were held not to be entitled to any common law or statutory duty of disclosure against the insurers, and their actions were struck out. Those decisions have now been reversed in part by the Court of Appeal in Aldrich v Norwich Union Life Insurance Company Ltd (forthcoming in [1999] Lloyd’s Rep IR).