Representation of Zurich International Life Ltd [2017] JRC 219 (29 December 2017)

The scheme meets all procedural requirements and does not adversely affect any policyholder; therefore, it is fair and should be approved.

Citation: [2017] JRC 219
Parties: Transferor: Zurich International Life Limited; Transferee: LCL International Life Assurance Company Limited
Jurisdiction: Jersey
Judgment Date: 29 December 2017
Procedural Posture: Insurance Business Transfer Application / Final Approval Hearing
Outcome: scheme approved
Legal Topics: Transfer of Insurance Business, Policyholder Protection, Procedural Compliance

Case Brief

Summary, issues, holding and outcome

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 2 Authorities cited 3 Party arguments 2

Zurich International Life Limited

Transferor

LCL International Life Assurance Company Limited

Transferee

Insurance Business Transfer Application / Final Approval Hearing

1 Whether procedural requirements under the Insurance Business (Jersey) Law 1996 and Schedule 2 have been complied with
2 Whether the transfer scheme would adversely affect any policyholder

The scheme meets all procedural requirements and does not adversely affect any policyholder; therefore, it is fair and should be approved.

scheme approved

The transfer scheme is sanctioned and approved under Article 27 and Schedule 2 of the Insurance Business (Jersey) Law 1996.