This topic contains a solution. Click here to go to the answer

Author Question: Insurance Cancellation. Martin A. Gurrentz applied for life insurance from Federal Kemper Life ... (Read 193 times)

vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
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.

Question 2

A company that has more than 25,000 worth of business with the federal government and does not state what action will be taken against employees who violate the company's drug-free policy would be in violation of:
 a. the Drug Prohibition Act
  b. the Drug Control in the Workplace Act c. the Drug-Free Workplace Act
  d. the Zero Tolerance Act
  e. the Drug Prevention in the Workplace Act



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dnite

  • Sr. Member
  • ****
  • Posts: 297
Answer to Question 1

Insurance cancellation
Yes, Federal was entitled to rescind the life insurance policy because Gurrentz had made a material misrepresentation by claiming that there had been no change in his health status between the time of the application and the time that he received the policies. Material misrepresentation allows for cancellation of the policy by the insurer with proper notice and an appropriate refund.

Answer to Question 2

c




vHAUNG6011

  • Member
  • Posts: 514
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it


CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

For a complete list of videos, visit our video library