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Universities Superannuation Scheme -v- Royal Insurance

1st Dec 1999

[2000] Lloyd’s Rep IR 524

Jonathan Gaisman QC and David Bailey – Fidelity Insurance – discovery of fraudulent acts and limitation

Insurance (fidelity guarantee policy) – Limitation of actions – Limitation Act 1980, section 5 – Policy covering fraudulent acts if discovered within twenty-four months – Whether limitation period arose on occurrence of fraudulent act or on discovery – Policy also giving cover for fraudulent acts under superseded policies – Date of accrual of cause of action.