Repudiation of Claims Based on False Information
When dealing with insurance matters, it is well-known that if there is any dishonesty or false information provided to the insurer, a claim for indemnification could be repudiated in its entirety. However, what would the position be if the dishonesty was on the part...
Can new Entrepreneurs thrive in the Insurance Industry?
Generally, insurance is known as a way in which an individual minimizes the risk attached to their exposure to specific perils caused by various harms. The risk can be managed by taking up insurance with an insurance company. Starting up a company is always a...
Further Unpacking Subrogation – the Don’ts
Short term insurance is regulated by the Short-Term Insurance Act no. 53 of 1998 as amended. The Policy holder (“Insured”) can insure various items, whether it be household contents, motor vehicles or personal items. Insurance is important, in the sense...
Understanding the Complexities of Insurance Law – The Quest for Making Better Choices
The principle of the contracting parties to an insurance contract must contract in good faith is an essential building block of an insurance contract. The same applies to non-indemnity insurance ( or “sommeversekering”), an example: life insurance policies which form...
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