We appreciate your visit to A person applying for insurance intentionally misrepresents material facts to obtain an insurance policy The insurer discovers the deceit ten months after the policy has. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Answer:
Cancel coverage
Explanation:
Remember, Insurance policy is also a contract of obligation. Therefore, when one party defaults the other party is free from his obligation.
Since it was ten months later into the insurance contract that this misrepresentation was discovered, the insurer can cancel converage.
Thanks for taking the time to read A person applying for insurance intentionally misrepresents material facts to obtain an insurance policy The insurer discovers the deceit ten months after the policy has. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
Answer:
Recission
Explanation:
The said contract with deciet can be voided and won't be legally binding as the supplied information are false. And in this light a recission action is been taken by the insurance company against the client before the law Court.