Rescission Was On California Courts’ Minds In May

Insurers rely on the information their insureds provide to evaluate risk and determine whether to issue insurance and at what price.  This basic premise is reflected in California Insurance Code section 332 which states: “Each party to a contract of insurance shall communicate to the other, in good faith, all facts within his knowledge which are or which he believes to be material to the contract and as to which he makes no warranty, and which the other has not the means of ascertaining.”

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