Asked on 14 Feb 2020
The short answer is no.
Contracts are legally binding for both parties - the policy owner, the life assured and the insurance provider.
There are some instances whereby bigger insurance companies would buy over an existing company which will result in mergers. But that is relatively uncommon.
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The insurance policy contract is a legally binding document that binds between the insurance company and the policyowner (you).
As a result, the other insurance company does not owe you a duty of care such that it should be held legally responsible for the insurance policy that you hold from another insurance company.
Hence, the answer is no.
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