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 202 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


Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

For a complete list of videos, visit our video library