Fla. Court Rejects Stricter Standard For Voiding Insurance

Law360, New York (May 1, 2013, 4:42 PM EDT) -- A Florida appeals court held Tuesday that Universal Property and Casualty Insurance Co. could void a homeowner's policy because of false statements on an insurance application, even if they were made unintentionally, finding that Universal's policy language didn't create a tougher standard for rescission than provided for under state law. 

The court turned down the policyholders' arguments that to rescind policies, Universal had to show that misstatements on an insurance application were both intentional and significant to the insurer's decision to issue the policy.

Universal's contract...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.