voidable policy
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 41 U.S. 495 - Carpenter v. Providence Washington Insurance · 1842Most cited · 269 citing opinions
It is not true, that because a policy is procured by misrepresentation of material facts, it is therefore to be treated, in the sense of the law, as utterly void ab initio. It is merely voidable, and may be avoided by the underwriters, upon due proof of the facts; but until so avoided, it must be treated, for all practical purposes, as a subsisting policy.