VakO 17.11.1998/12265:97
AI generated
Insurance court dismissed claim for refund of premium due to policy cancellation by insurer.
Legislator summary
AI generatedThe Insurance Court dismissed the policyholder's claim for a refund of the insurance premium. The court found that the insurer had the right to cancel the policy under the contract terms, thereby negating the policyholder's entitlement to a refund. Consequently, the request for restitution was rejected based on the contractual provisions governing early termination.
Legislator headnote
AI generatedInsurance Act 1993, s. 20; Insurance Contract Act 1993, s. 21: The insurer's right to terminate the contract entitles them to retain the premium paid, precluding a refund to the policyholder.
Keywords
AI generated
insurance contract termination
premium refund claim
insurer cancellation rights
policyholder entitlement
insurance court jurisdiction
Cited Legislation
AI generatedInsurance Act 1993, s. 20
Insurance Contract Act 1993, s. 21
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