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- Misrepresentation in an Insurance Contract | 31 October 2023
Misrepresentation in an Insurance Contract | 31 October 2023
The fraudulent intent on the part of the insured must be established to entitle the insurer to rescind the contract
Misrepresentation in an Insurance Contract
Material misrepresentation occurs when the insured fails to provide a full and accurate response to a specific question posed by the insurer during the application process. This means that if the insured withholds or inaccurately represents information relevant to the insurance coverage being sought, it can significantly impact the underwriting decision and the terms of the policy.
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Alburo Alburo & Associates Law Offices:
• Have labor law and business law as our main fields of practice. For almost a decade now, we have been helping businesses improve their productivity and profitability by helping them comply with relevant laws, rules, and regulations.
• Observe high standards of excellence.
• Always consider innovative approaches to effectively address the legal concerns of our clients, covering a wide range of industries such as food, manufacturing, chemicals, real estate, retail and wholesale trade, and services in fields such as information technology, human resources, security, training, process outsourcing and other manpower services, among many others.
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