Insurance
Feb. 26, 2020
Exceptions to insurers’ right to rescind for inaccurate information
There are exceptions to the principle that inaccurate information in an application automatically gives the insurer an absolute right to rescind.
Peter S. Selvin
Partner
Ervin, Cohen & Jessup LLP
Phone: (310) 281-6384
Email: steve@newsroompr.com
Chair of Insurance Coverage and Recovery Department
Life insurers faced with a claim for benefits within two years after policy inception will often conduct a post-claim investigation to ascertain whether the statements made by an applicant about his or her medical history and health habits were accurate. In those cases where an insurer determines that those statements were inaccurate, the insurer may seek to rescind the policy.
But there are exceptions to the principle that inaccurat...
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