8 Sept 2006
RE CIGNA WORLDWIDE INSURANCE CO AND ANOTHER
- Citation
- RE CIGNA WORLDWIDE INSURANCE CO AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP1039/2006
The court sanctioned the scheme because the statutory requirements of s24(3) were complied with, the independent actuary's report was favourable, the Insurance Authority had been consulted and indicated conditional approval, policyholder enquiries and objections were addressed and no substantive opposition was before the court, and on balance the scheme was fair to policyholders.