Sentences with rescission
re·scis·sion
R r - An insurer usually seeks a rescission of an insurance policy when there has been a material misrepresentation in the insurance application.A breach of utmost good faith, especially in regard to full and voluntary disclosure of the elements of risk or loss, is accepted as grounds for rescission of the insurance contract.Rescission is the termination of an insurance contract by the insurer because facts have been concealed or misrepresented by the proposer.