Quote:
Originally Posted by Moses
And another thing... Why is rescission legal? Why was it ever legal?
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Moses asks life insurance guy for a million dollar policy and claims to be in the peak of health, but knows that he actually has a terminal illness with less than two years to live. Rescission by life insurance guy might be appropriate, no?
Health insurer decides to rescind X% of policies in which claims reach a certain dollar amount to avoid further liability and bases the rescission on grounds that exist with virtually every policy holder. On its face, each rescission might appear to be appropriate, but collectively, not.