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SUPREME COURT: THE INSURANCE COMPANY IS RESPONSIBLE FOR THE BANK'S LOSSES, NOT THE BORROWER

... contract, where the beneficiary is the bank. Since the legal dispute between the insurance company and the spouse ended with a decision in favor of the latter, the insurer actually allowed late payment of compensation, which led to an increase in the bank's losses. The acts of the courts have been canceled, the case has been sent for new consideration.

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