An Insurer Can Cancel, or Refuse to Renew, a Policy

question 46

True/False

An insurer can cancel, or refuse to renew, a policy for any reason, including a reason that would otherwise violate public policy.

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Definitions:

Written Warranties

Guarantees provided in written form by the seller or manufacturer, promising the quality and durability of a product.

Consumer Purposes

Activities or objectives that cater to the needs and desires of individual buyers, contrasting with commercial or business aims.

Federal Trade Commission Act

A U.S. federal law established in 1914 to promote consumer protection and eliminate and prevent anticompetitive business practices.

Material Misrepresentation

An untrue assertion of fact by one individual to another that leads to the latter being persuaded into a agreement.