High Court illuminates rights and remedies for breach of good faith duty
/Taylor v Asteron Life Ltd [2018] NZHC 2939
The decision of Taylor v Asteron Life Ltd is important because it upholds an insurer’s right to cancel and seek damages from an insured guilty of making a fraudulent claim. Rather than applying common law principles of the duty of good faith, the insurer’s remedies were dealt with under the Contracts and Commercial Law Act 2017 (CCL Act).
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