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Colonial Mutual General Insurance Co Ltd v ANZ Banking Group (New Zealand) Ltd - [1995] 3 NZLR 1
$30.00
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Privy Council Wellington
6, 27 June 1995
Lord Goff of Chieveley, Lord Jauncey of Tullichettle, Lord Browne-Wilkinson, Lord Nolan and Lord Hoffmann
6, 27 June 1995
Lord Goff of Chieveley, Lord Jauncey of Tullichettle, Lord Browne-Wilkinson, Lord Nolan and Lord Hoffmann
Insurance — Property insurance — Interest of second mortgagee noted by insurer — Change of insurer — Whether second mortgagee's interest sufficiently notified to new insurer — Effect of mortgage provisions assigning insurance proceeds to mortgagee to the extent of mortgagee's interest.
Equity — Assignment — Notification of second mortgagee's interest in insurance policy — Whether terms of the mortgage document constitute an assignment of proceeds of fire insurance policy.
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