cancellation of insurance

cancellation of insurance
The rescission or nullification of a contract of insurance under statutory provisions or stipulations of the insurance contract itself, including provisions for cancellation upon notice or request; by the mutual consent or acquiescence of the parties; or because of fraud, misrepresentation, mistake, an adjudication of insolvency of the insurer, or the making of an assignment for the benefit of creditors by the insurer. Otterbein v Babor & C. Co. 272 NY 149, 5 NE2d 71, 107 ALR 1510.

Ballentine's law dictionary. . 1998.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • cancellation — can·cel·la·tion also can·cel·a·tion n 1: the act or an instance of cancelling 2: a mark made to cancel something (as a check) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …   Universalium

  • Cancellation Provision Clause — It is a provision in an insurance policy that permits an insurer or an insurance company to cancel a property and casualty or a health insurance policy at any time before its expiration date. Life insurance policies do not contain cancellation… …   Investment dictionary

  • cancellation — To destroy the force, effectiveness, or validity of. To annul, abrogate, or terminate. Defacement or mutilation of instrument. Words of revocation written across instrument. A means whereby a holder discharges a party s liability on an instrument …   Black's law dictionary

  • cancellation — To destroy the force, effectiveness, or validity of. To annul, abrogate, or terminate. Defacement or mutilation of instrument. Words of revocation written across instrument. A means whereby a holder discharges a party s liability on an instrument …   Black's law dictionary

  • cancellation clause — The provision in a contract for the termination thereof by one of the parties, as illustrated in contracts of insurance; a clause in a charter party whereby the charterer reserves the right to cancel the charter party if the ship shall fail to… …   Ballentine's law dictionary

  • fire insurance — insurance covering any loss or damage caused by fire. [1790 1800] * * *       provision against losses caused by fire, lightning, and the removal of property from premises endangered by fire. The insurer agrees, for a fee, to reimburse the… …   Universalium

  • Mortgage insurance — For information on insurance guaranteeing payment of the mortgage in the event of death or disability, see mortgage life insurance. Mortgage insurance (also known as mortgage guaranty) is an insurance policy which compensates lenders or investors …   Wikipedia

  • Travel insurance — is insurance that is intended to cover medical expenses, financial default of travel suppliers, and other losses incurred while traveling, either within one s own country, or internationally. Temporary travel insurance can usually be arranged at… …   Wikipedia

  • Lenders mortgage insurance — (LMI), also known as Private mortgage insurance (PMI) in the US, is insurance payable to a lender or trustee for a pool of securities that may be required when taking out a mortgage loan. It is insurance to offset losses in the case where a… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”