If Insurer’s Failure To Investigate Insurability Prevents Insurer From Rescinding Policy Covering Commercial Motor Vehicle, Insurer May Be Liable To Injured Party Up To Limit Of “Financial Responsibility Law” Applicable To Commercial Vehicles
If an insurer’s failure to adequately investigate the insurability of an insured prevents the insurer from later rescinding a policy covering a commercial motor vehicle, the insurer may be liable to the injured party for up to the higher limit … Read More