rescission
ri si zhuhn
- n (law) the act of rescinding; the cancellation of a contract and the return of the parties to the positions they would have had if the contract had not been made
- For-profit health-insurance-industry practices Potter talks about, like rescission dropping expensive-to-cover policyholders on grounds that they failed to disclose pre .
- Then why not just pass national regulatory prohibitions on rescission, and denial of coverage, institute statutory premium and out-of-pocket expense caps, establish perpetual .
- The practice of rescission (nixing policies for dubious reasons when sick people need them most) and annual and lifetime spending caps that insurers place on some policyholders .