Fraudulent Misrepresentation

Definition of "Fraudulent misrepresentation"

Rob Muller real estate agent
Rob Muller, Real Estate Agent Engel & Volkers Atlanta North Fulton

Dishonest statement to induce an insurance company to write coverage on an applicant. If the company knew the truth, it would not accept the applicant. Fraudulent misrepresentation gives a property and casualty company grounds to terminate a policy at any time. A life insurance company, on the other hand, can terminate a policy on the grounds of fraudulent misrepresentation only during its first two years; after that, the incontestable clause takes effect.


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