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.

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

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  • 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

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