Please click the heading "Ohio Insurance" above to refresh this page and see latest posts.
My photo
Cleveland, Ohio, United States
Currently an attorney and insurance industry professional. Mr. Stoll is a commercial lawyer, arbitrator and mediator who also serves as insurance coverage counsel and advisor to numerous businesses throughout the country. He is also a licensed insurance agent/broker.

March 20, 2012

COURT OF APPEALS - REINSTATEMENT AFTER CANCELLATION

 Johnson v. Encompass Ins. Co (10th Dist., 1-10-12), 2012-Ohio-59.   

REINSTATEMENT AFTER CANCELLATION 
    
Two elements are required in order to show that an insurance policy was  reinstated based upon the acceptance of an untimely premium.  Clearly,  the  premium must be accepted. But the acceptance of the premium must accompany an insurer's assent to reinstate the insured's policy.  Indeed, a meeting of the minds is necessary on this issue.   READ THE CASE  

Questioning whether you have correct procedures in place?  Contact Ed to review your practice and procedures.

No comments: