Publication Type
Journal Article
Version
publishedVersion
Publication Date
12-2023
Abstract
In this article Dr Chee Ho Tham suggests that terminological confusion has arisen over the use of the phrase “assignment” in connection with policies of non-marine indemnity insurance, where the “assignment” is made before the occurrence of the insured event which causes loss or damage to the subject-matter of the policy. An “assignment” of the contract of insurance entails a novation and should be referred to as such.
Discipline
Banking and Finance Law
Research Areas
Corporate, Finance and Securities Law
Publication
Butterworths Journal of International Banking and Financial Law
Volume
38
Issue
11
First Page
748
Last Page
752
ISSN
0269-2694
Citation
THAM, Chee Ho.
Assignment (or novation) of indemnity policies. (2023). Butterworths Journal of International Banking and Financial Law. 38, (11), 748-752.
Available at: https://ink.library.smu.edu.sg/sol_research/4585
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
