Life Insurer To 7th Circuit: Rescission For Misrepresentation Should Be Affirmed

Mealey's (December 6, 2022, 7:20 AM EST) -- CHICAGO — A trial court did not err in finding that an insured was obligated to notify his insurer of his cancer diagnosis between the time he applied for the policy and its inception and that the diagnosis was material to the insurer’s risk, entitling it to rescind the policy, the insurer told the Seventh Circuit U.S. Court of Appeals in urging it to affirm the lower court’s summary judgment ruling (Lorrie R. Meier v. Pacific Life Insurance Company, No. 22-1607, 7th Cir.)....