Claims For Interest And The Insurance Contracts Act.
Mondaq Business Briefing › Nbr. 2009, January 2009
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Claims For Interest And The Insurance Contracts Act.
The Supreme Court of Victoria recently held that an insurer's bona fide view that it had a defence to an insured's claim under an insurance contract was irrelevant to determining the date from which the insurer is liable to pay interest to the insured under s57 of the Insurance Contracts Act 1984 (Cth) (Act).
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