Insurer granted leave to pay additional life insurance proceeds into court due to adverse claims.
The applicant insurer brought an application without notice to pay additional life insurance proceeds into court pursuant to section 214 of the Insurance Act.
The insurer had previously paid $50,000 into court but subsequently determined an additional $25,000 was owing on the policy.
Due to adverse claims on the proceeds, the court granted leave for the insurer to pay the additional funds into court, discharging the insurer to the extent of the payment.
The Manufacturers Life Insurance Company v. The Estate of Terry Thomas Alcott, 2021 ONSC 6884