INSURANCE TEST CASE.
ALTERATION IN RATES
REFUND NOT RECOVERABLE
[BY TELEGRAPH. —IT.ESS ASSOCIATION.] CHKISTCHURCB. Monday. Mr. Justice Sim to-day gave judgment in the test case in which Lane, Walker and Rudkin claimed £69 from the Yorkshire Insurance Company. The sum represented the balance of a refund claimed to be due b> defendant to plaintiff in respect of policies taken out with defendant and afterwards cancelled. The case was brought in order to obtain a ruling on a very narrow question of the construction of a clause in the policy. When the insurance was effected, his Honor said, short-period rates had been fixed. The rates were altered on December 1, 1926, and plaintiff cancelled the policies on December 17. The question was. what vras meant by " customary short period " His Honor thought that what was meant was the rate which was adopted by the association, and which was in force when the policy was terminated. If (lie rates were altered, the altered rates became the rates for the policy and plaintiff was not entitled to recover anv sum from defendant.
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Bibliographic details
New Zealand Herald, Volume LXIV, Issue 19698, 26 July 1927, Page 11
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179INSURANCE TEST CASE. New Zealand Herald, Volume LXIV, Issue 19698, 26 July 1927, Page 11
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