Manulife ats. Mosten
Overview
Acting for Manulife in response to an application by Mosten in Saskatchewan for the interpretation of a standard form universal life insurance policy. In the application, Mosten seeks a declaration that it is entitled to deposit unlimited sums into the policy and realize a guaranteed rate of return on those sums. If Mosten’s interpretation were accepted it would have far reaching consequences not only for Manulife but the insurance industry generally.
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