Legislator Case Law & Legislation
VakO 17.11.1998/12265:97 AI generated

Insurance court dismissed claim for refund of premium due to policy cancellation by insurer.

Case Number VakO 17.11.1998/12265:97
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The 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 generated

Insurance 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 generated
Insurance Act 1993, s. 20
Insurance Contract Act 1993, s. 21

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