Legislator Case Law & Legislation
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.

Case Number VakO 12.5.1967/6966:66
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The 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 generated

Insurance 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 generated
Insurance Act 1967, s. 10
Insurance Act 1967, s. 11

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Full text

VakO 12.5.1967/6966:66