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Response to Insurer chasing for the whole debt
from Too scared to say (iwasduped@yahoo.com)
Actually your MIG *is* the same, in principle, as everyone else's. The
only difference is that Eagle Star, to my knowledge, do not usually
provide that type of business which is why it may be limited in it's
pay-out. You are in a better position than most as you know what was
paid out and when. I believe that you can disregard this [MIG payout]
alleged debt after six years - the more I read the more I am convinced
of this. The balance cannot also be chased by the insurer if they only
paid out six thousand odd..it's not their debt to chase unless it has
been formally assigned in some way. It would then cease to be
specialty and become simple..six year rules apply. This is ONLY my
opinion mind you, but it's how I would argue it.
(posted 9062 days ago)
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