Insurance 101 – Chapter 6 – Volume 18 – Waiver and Estoppel -2

Waiver and Estoppel -2

The Restatement 2nd of Contracts recognizes the same rule in section 381, providing for a loss of the power of avoidance if, after knowledge of a  misrepresentation, the injured party (the insurer) fails to manifest an intent to avoid within a reasonable time.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

Legal Disclaimer

The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.