Rescission & Statutes
In some, but not all, rescission cases, the rationale for the decision was a statutory enactment similar to Kansas Statutes Annotated (K.S.A.) 1989 Supp. 40-3118(b). “Those courts have held that rescission has been abrogated and that the only remedy for an insurance company is cancellation in strict accordance with the terms of the statute.”
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