Word forms: (present) rescinds a contract, (past) rescinded a contract, (perfect) rescinded a contract, (progressive) rescinding a contract
( Insurance : General )
The fraudulent intent on the part of the insured must be established to entitle the
insurer to rescind the insurance contract.
The insurer has the right to rescind the insurance contract for material misrepresentations and omissions in the policyholder's application.
If an insurer rescinds an insurance contract, it terminates it because facts have been concealed or misrepresented by the proposer.
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