GavelCo Insurance sells an insurance policy to Barry in the state of Colorado. GavelCo violates a Colorado state statute when doing so. Later Barry gets into a dispute with GavelCo over coverage of the insurance policy and wants to enforce the insurance contract. The insurance contract will be:

Question

Samir Medina

Business

10 June, 05:28

GavelCo Insurance sells an insurance policy to Barry in the state of Colorado. GavelCo violates a Colorado state statute when doing so. Later Barry gets into a dispute with GavelCo over coverage of the insurance policy and wants to enforce the insurance contract. The insurance contract will be:

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Answers (1)

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Hailee Rowe · Answer 1

enforceable by Barry, the purchaser, and he can recover from the insurer if applicable.

Explanation:

GavelCo has violated a statute when it sold the insurance policy to Barry in Colorado. If due to this failing on the part of GavelCo Barry has an issue with the insurance coverage, he has a right to enforce the insurance contract on GavelCo.

If there is a coverage he is entitled to he can recover it from GavelCo.

Even when an insurer violates a statute when issuing insurance, the purchaser can still recover from the insurer.