Illinois Supreme Court Rejects “Partial Rescission” Rule Based On “Innocent Insured” Doctrine, Adopting Position Urged By LPP As Counsel For Amicus Curiae Property Casualty Insurers Association Of America
Feb 20, 2015 General
On February 20, 2015, the Illinois Supreme Court held that there is no public policy in Illinois prohibiting the rescission of an insurance policy as to insureds who were ignorant of misrepresentations made on the application. Illinois State Bar Ass’n Mut. Ins. Co. v. Law Office of Tuzzolino and Terpinas, 2015 […]
