Insurer shows disregard for In Duplum rule application
There is a common law rule that the interest on a loan cannot exceed the outstanding capital component of the loan. A provision in the Insurance Act 27 of 1943 exempted policy loans […]
The decision addresses the recovery of VAT on payments made under loan cover provided free of charge.
Read moreThere is a common law rule that the interest on a loan cannot exceed the outstanding capital component of the loan. A provision in the Insurance Act 27 of 1943 exempted policy loans […]