Insurance 101 – Chapter 8 – Volume 29 – Rescission – 5

Rescission – 5

An insurer is entitled to relief on the basis that an insured provided incorrect information in an insurance application, when it is proved (1) that the information was not correct, (2) that the information received was important either to the insurer’s decision to insure or to the terms of the insurance contract, (that is, the information was “material.”

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

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