Prinsloo v Majiedt N.O and Another (641/2021)
Prinsloo v Majiedt N.O and Another (641/2021) [2024] ZAFSHC 49 (20 February 2024)
The court found that its interpretation of section 63 of the Long-Term Insurance Act was not fully aligned with either party's contentions. The word 'person' in section 63 refers to the policyholder, and the section only applies where the policyholder or their spouse is both the life insured and the beneficiary. Where a third party is appointed as beneficiary and accepts the appointment upon the death of the policyholder, section 63 does not apply. The court acknowledged that its conclusion was not entirely in accordance with the parties' arguments and that the matter involves an important qu…
Source excerpt
- Leave To Appeal
- Long Term Insurance Act
- Interpretation Of Statute
- Separation Of Issues
- Policy Beneficiary Rights