Material Misrepresentation

Written by  //  June 23, 2011  //  Insurance Glossary: E-M, Insurance Terms  //  Comments Off on Material Misrepresentation

This is a misstatement to a question asked during the application process that is so important that, had the truth been known, the insurance company would not have issued the policy or would have issued it with a higher premium. Such a misrepresentation will usually void the policy if discovered during the contestable period.

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