INSURANCE - insurance policy - interpretation and construction - whether, by reason of the doctrine of strictissimi juris, any doubt as to the proper construction of the policy should be resolved in favour of the insurers - whether statements of the High Court relating to contracts of guarantee and indemnity apply to insurance policies - contracts of insurance distinguishable from contracts of guarantee and indemnity and possess a different purpose
INSURANCE - financial services errors and omissions policy - interpretation and construction - whether insurers liable for errors or omissions of the insureds in the performance of professional services, defined relevantly to mean financial planning encompassing advice on approved investment products and life insurance products - meaning of terms "approved investment products" and "encompassing" - whether liability restricted to financial advice given on investment products contained in an "Approved Product List" - primary judge erred in giving the terms a narrow construction - the insurance clause covered all aspects of financial planning, as long as the financial planning contained advice on approved investment products, being products that were approved by the licensee from time to time
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