Legislator Case Law & Legislation
VakO 4.11.1998/6407:97 AI generated

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

Case Number VakO 4.11.1998/6407:97
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The 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 generated

Insurance 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 generated
Insurance Act 1993, s. 10
Insurance Act 1993, s. 11

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