News Focus
News Focus
icon url

pokestake

11/08/07 8:07 AM

#93461 RE: Jetmek_03052 #93460

trying to take an objective look at it...if Carolina takes premium payments from Globetel then as a business matter would not some form of coverage be owed to Globetel? It does not say any claim will be rejected it says they reserve the right. Otherwise why not just cancel it?

That leads me to believe they would evaluate the claim and if it stemmed from the unreported information, they reserve the right to reject that type of claim. You will argue the wording as unequivocal, however if that were to stand as such and they took money, then they would be engaging in a game of 'gotcha' that doesn't make sense to me.
icon url

justfrank

11/08/07 8:18 AM

#93462 RE: Jetmek_03052 #93460

I believe you may have forgotten a definition of a word

Carolina expressly reserves its right to rescind the 2006-07 Policy

Since when does reserves mean

will not be paying ANY claims in regards GTEM's insurance policy.

and since the document ended with this statement.

Pending the Final resolution of this matter,

your definitive statement is voided!!
icon url

sharklady00

11/08/07 9:16 AM

#93473 RE: Jetmek_03052 #93460

so this is the only insurance company in the world? Maybe another topic...