payment of insurance money into
court
In the common law jurisdiction of Canada, an action
that an insurer takes when the insurer admits liability to pay
policy proceeds but cannot determine the proper recipient. Once the
insurer pays the money into court, the insurer is discharged of any
further liability under the policy. In Quebec, an insurer in such a
situation can obtain a valid discharge of liability by paying the
policy
proceeds
to
the Minister of
Finance. In the United States, the process is
called interpleader.
Obtain a free
quote and experience health care that provides
you access to affordable medical services.
Burdened by credit
card debt? Reduce all of your unsecured debts by 60% with
our Debt
Consolidation solution.
