Legal Opinion
Wisconsin Housing & Economic Development Authority v. Verex Assurance, Inc.
Court of Appeals of Wisconsin
Decided November 1, 1990No. 89-0754PublishedCited by 2 opinions
1Opinion of the CourtDykman, J.
Verex Assurance, Inc. (Verex) appeals from a judgment declaring that Verex cannot rescind an insurance policy insuring the Wisconsin Housing and Economic Development Authority (WHEDA) because of alleged misrepresentations in the application process. We conclude that sec. 631.36, Stats., regulates both cancellations and rescissions and therefore affirm.
BACKGROUND
WHEDA administers the "Home Program," which enables low-income residents to secure low interest mortgage loans. WHEDA purchased the mortgage loan at issue, made by M&I Grootemaat Mortgage Corporation (M&I) to Maria Carrasco on November…
2Cases cited12 opinions
- Teeter v. Allstate InsuranceAppellate Division of the Supreme Court of the State of New York · 1959
- Metropolitan Property & Liability Insurance v. Insurance CommissionerSupreme Court of Pennsylvania · 1987
- Employers Insurance of Wausau v. SmithWisconsin Supreme Court · 1990
- Aetna Casualty & Surety Co. v. O'ConnorNew York Court of Appeals · 1960
- Robert Hansen Trucking, Inc. v. Labor & Industry Review CommissionWisconsin Supreme Court · 1985
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3Cited by2 opinions
- Bennett v. HedglinAlaska Supreme Court · 2000
- Wisconsin Housing & Economic Development Authority v. Verex Assurance, Inc.Wisconsin Supreme Court · 1992