Insurance 101 – Chapter 16 Volume 15 – Rescission & Statutes

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.”

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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