In re Tremain (Deceased) Tremain v Public Trustee - [1934] NZLR 369

Insurance — Life — Policy transferred absolutely by Debtor to Creditor, but intended as Security — Creditor also Mortgagee of Lands — On Debtor's Death, Estate administered under Part IV of the Administration Act, 1908 — Claim by Insured's Widow, His Universal Legatee, to marshal Bank's Security — Right to Surplus Proceeds of Policy — Life Insurance Act, 1908, ss 65, 66; Amendment Act, 1925, s 3.