VakO 12.5.1967/6966:66
AI generated
Insurance court dismissed claim for additional premium due to insurer's failure to notify policyholder of premium increase.
Legislator summary
AI generatedThe Insurance Court dismissed the policyholder's claim for an additional premium following a late notification of a rate increase. The insurer argued that the statutory notice period had expired, while the policyholder contended that the delay rendered the increase invalid. The court ruled that the statutory notice period had indeed expired, thereby validating the insurer's right to collect the increased premium despite the procedural delay.
Legislator headnote
AI generatedInsurance Act 1967, s. 10; Insurance Act 1967, s. 11: A policyholder's right to object to a premium increase is extinguished if the insurer fails to provide the required notice within the statutory period.
Keywords
AI generated
insurance premium increase
statutory notice period
policyholder rights
late notification
insurance contract law
Cited Legislation
AI generatedInsurance Act 1967, s. 10
Insurance Act 1967, s. 11
Full text
VakO 12.5.1967/6966:66