As afundamentalsystem to avoidmoraldangerby policy holder in insurancelaw, doubleinsurance has importancesignificance for the realizationof the functionofinsurance.
Another woman, from Texas, was about to get a double mastectomy when her insurance company canceled her policy because she forgot to declare a case of acne.
Making matters worse, because low interest rates have undercut the policy's investment returns, Mandell must double his premiums to keep the insurance in force beyond 2005.