Sanlam General Insurance (Uganda) Limited v Finance Trust Bank (Application 4 of 2024)
Sanlam General Insurance (Uganda) Limited v Finance Trust Bank (Application 4 of 2024) [2024] UGIAT 5 (1 August 2024)
The Tribunal found that the respondent, though not a party to the insurance contract, had locus standi to claim under the professional indemnity policy due to statutory exceptions in the Insurance Act, 2017 and the nature of professional indemnity insurance, which is intended to benefit third parties who rely on the insured's professional services. The Tribunal determined that the IRA proceedings were fair and that the applicant was not denied the right to cross-examine witnesses, as no such request was made during the hearings. Upon reviewing the policy documents, the Tribunal held that the…
Source excerpt
- Professional Indemnity Insurance
- Privity Of Contract
- Third Party Beneficiary Claims
- Insurance Policy Interpretation
- Negligence Of Professionals