Benjamin Born purchased an insurance policy from Medico Life insurance Company. As part of the application process, Benjamin gave a complete health history and was asked specific questions about preexisting medical conditions. Adeline Born, his wife, answered all the questions, stating that Benjamin had no preexisting medical problems and was in good health. After the policy was issued. Medico dis:covered that Benjamin had a history of heart disease, degenerative arthritis, and urinary system disorders. When Medico rescinded the policy and refunded the premiums, Born refused to cash the premium refund and claimed he was stilinsureo? - What are the contractual rules governing the creation of the insurance relationship? - How do courts determine the liability of insurers? -When and how may insurers cancel insurance policies