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Legal Interest in Insurance Claims by MINAMI IWAYAMA is a document available to read on EtoBox.
What is Legal Interest in Insurance Claims about?
The petitioner shipped bags of fishmeal that were insured by the respondent insurance company. During transit, the bags were damaged, rendering the fishmeal useless. The petitioner filed a claim that was denied, so the petitioner sued. The court ordered the insurance company to pay but set the interest at 12% rather than the mandated 6%. The Supreme Court ruled that under the Civil Code, the interest rate for damages arising from loss of property is 6% annually unless otherwise stipulated.
- Author
- MINAMI IWAYAMA
- Language
- EN