A matter of life insurance

Complex aspects of insurance law are set to tax the Law Lords. They have given leave for an appeal in the case of Fuji Finance v Aetna Life Insurance & ors. The case centres on a policy taken out by Fuji in 1986 with Aetna's predecessors, Tyndall Assurance, covering the life of Fuji's attorney, a Mr Tait. Fuji paid £50,000 for £1m cover but claims the policy was altered in 1991. It is seeking damages for breach of contract. One of the questions being argued as a preliminary issue is whether the contract was a contract of life insurance. So far the High Court has ruled that it was not and the Court of Appeal has ruled that it was.