Exam term
Material misrepresentation
A false representation by the applicant. It lets the insurer rescind or deny a claim only if it is material; an immaterial mistake, such as a wrong middle initial, does not void a policy.
Lessons that use this term
- Contract legal concepts: indemnity, utmost good faith, representations, warranties, concealment, fraud, waiver, and estoppel New York
- New York required life policy provisions: misstatement of age, statements of the applicant, and proof of death (Ins. Law 3203-3204) New York
- Completing the health insurance application New York