Court Opinion

ID: 9451778
Source: CourtListenerOpinion
Date Created: 2023-08-04 17:23:29.825308+00
Date Added: 2024-06-11T17:32:52.984053
License: Public Domain

J. JOSEPH SMITH, Circuit Judge
(dissenting):
I dissent. I think Judge Gibson correct in holding that Moulton never effectively cancelled the policy. The correspondence plainly conditions cancellation on Moulton’s understanding that coverage was to continue on products already sold, for the original term of the policy. There never was any acceptance of this attempt at limited cancellation, and it should be held ineffective. Since premium was based on sales-, and sales had ceased prior to the cancellation attempt, the insurer was paid in full for the full term in spite of the cancellation attempt,. and relieving it of part of its obligation works to some extent a forfeiture against the insured. I would affirm.