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lexxis lexxis
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6 years ago
Insurance Cancellation. Martin A. Gurrentz applied for life insurance from Federal Kemper Life Assurance Co through an insurance agent named Alfrey. In September 1982, Gurrentz filled out an application but paid no premiums. Between the submission of the application and the delivery of the policy, Gurrentz sought medical advice from a physician about an ear problem. On examination, a throat lesion was noted. A biopsy was done, and Gurrentz was advised that he had a throat malignancy, for which he subsequently received radiation treatments. Upon delivery of the policies, Gurrentz signed a statement stating that there had been no changes in his health status and that he had not seen a doctor since filing the application for insurance. In April 1983, Federal learned of Gurrentz's throat problem when he filed a claim under a separate medical health policy. After an investigation, Federal notified Gurrentz in February 1984 that it was canceling the life insurance policy and refunding all premiums paid. Was Federal able to rescind Gurrentz's life insurance policy? Explain.
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sophiakhalid12sophiakhalid12
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lexxis Author
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6 years ago
Correct Slight Smile TY
larrybrads
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
SupremeDJ
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2 hours ago
Good timing, thanks!
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