1st Circuit Finds No Bad Faith By Insurer, Affirms Rescission Of Policy

1st Circuit Finds No Bad Faith By Insurer, Affirms Rescission Of Policy

BOSTON - Because the defendants in a declaratory action took no actions to oppose an insurer's rescission of a life insurance policy because of material misrepresentations, a First Circuit U.S. Court of Appeals panel on June 28 affirmed a lower court's finding that the policy had been mutually rescinded (Pruco Life Insurance Co. v. Wilmington Trust Co., et al., No. 12-2227 and 12-2228, 1st Cir.; 2013 U.S. App. LEXIS 13317).

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