Mealey's Insurance - Majority: Insurer's Cancellation Of Policy At Best Ignorance, At Worst Collusion

OKLAHOMA CITY - A majority of the Oklahoma Supreme Court on June 24 found that a medical malpractice insurer may not agree to cancel a "claims made" insurance policy with the knowledge that a potential malpractice claim is pending without violating the state statutory prohibition on retroactive annulment of policy following the injury, death or damage for which an insured may be liable (Tracey Chandler, personal representative of the estate of David Wurtz, deceased v. Mark W. Valentine, et al., No.108614, Okla. Sup.; 2014 Okla. LEXIS 78).

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