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Settlement agreements: effect of agreement on premium recovery

Insurance Law Monthly

Settlement agreements: effect of agreement on premium recovery

In Fibretech Holdings Ltd v Vero Insurance New Zealand Ltd [2021] NZHC 3104 Nation J, sitting in the New Zealand High Court, considered whether a settlement agreement removing all claims connected to the insured loss applied to a claim by the policyholder for premiums paid in error following the loss to which the settlement related.

Fibretech : the facts

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