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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

An insurer proves the general concealment elements but waits until after the insured commences an action on the contract to exercise its chapter-based rescission right. Which timing issue arises under section 48?

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The statute requires exercise before commencement of an action on the contract Rescission may first be exercised only after final judgment The insurer may ignore all procedural limits Only the premium due date matters

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