oa Juta's Business Law - The insurable interest of a trustee in trust property



One of the criticisms against the requirement of an insurable interest is that for a tenet so central to the law of insurance, too much about it is still clouded in uncertainty. The fact that judicial decisions on the issue are infrequent does not help matters. For that reason alone it is worth salvaging from obscurity the decision of Ranchod AJ some two years ago in the Johannesburg High Court in the case of (Transvaal Provincial Division, 20 May 2005 (case no 4342/2003) unreported).


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