VakO 4.11.1998/6407:97
AI generated
Insurance court dismissed claim for refund of premium due to policy cancellation by insurer.
Legislator summary
AI generatedThe Finnish Insurance Court dismissed the policyholder's claim for a refund of the insurance premium. The insurer cancelled the policy before the policy period began, arguing that no coverage period had elapsed. The court held that without a valid coverage period, the insurer was not obligated to refund the premium paid.
Legislator headnote
AI generatedInsurance Act 1993, s. 10; Insurance Act 1993, s. 11: When an insurer cancels a policy before the coverage period commences, the insurer is not required to refund the premium paid by the policyholder.
Keywords
AI generated
insurance contract cancellation
premium refund obligation
coverage period commencement
policyholder claim
insurer liability
Cited Legislation
AI generatedInsurance Act 1993, s. 10
Insurance Act 1993, s. 11
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