Retmil Financial Services (Pty) Ltd v Sanlam Life Insurance Comapany Ltd and Others (18779/12) [2013] ZAWCHC 65; [2013] 3 All SA 337 (WCC) (30 April 2013)
Court
Western Cape High Court, Cape Town
Case number
18779/12
Judge
D M Davis
The court held that Retmil, as cessionary, was entitled to receive payment of the policy proceeds but not to appropriate them to discharge the loan prematurely in the absence of default by the debtor. Retmil was not authorised, either expressly or tacitly, to settle the loan immediately upon the death of the cedent, nor to accept a reduced payment from Sanlam without proper regard for the interests of the estate. The executor, by virtue of the reversionary interest in the policy, was entitled and obliged to challenge the reduced payment and engage with Sanlam to protect the estate's interests…
Jacobs NO v Braaff (603/05) [2006] ZASCA 115; [2006] SCA 142 (RSA); [2007] 4 All SA 966 (SCA) (24 November 2006)
Court
Supreme Court of Appeal
Case number
603/05
Judges
NAVSA, NUGENT, CONRADIE, HEHER, PONNAN
The Supreme Court of Appeal held that a family car-use agreement included a tacit term requiring the owner to submit an insurance claim for the driver’s indemnity.