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Case Summary |
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3944 REVIEW DENIED Under the Insurance Code, if an insurer receives payment with an application for life insurance and approves the application, but the insured dies before the policy is actually issued, the insurer is required to pay benefits as though the policy had been issued, regardless of the insured's expectations.CitationHODGSON v BANNER LIFE INS (Temporary Coverage) 124 CA4 1358 [See: InsC 10115; Smith v Westland Life 15 C3 111; Ransom v Penn Mutual 43 C2 420] |
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Finz Case Law Summaries (Finz Advance Tapes)
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