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Headline

Law ambiguous if client money gets lost in the crunch

Comment

Law ambiguous if client money gets lost in the crunch The "trading debt" excusion within the Minimum Terms and Conditions relates to any trading debt of the insured. I think it would be difficult for insurers to say a collapse of a bank resulting in the loss of client monies was a trading debt of the insured.

Posted date

13-Oct-2008

Posted time

4:52 pm

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