Definition of "Material fact"

Frances Smith,ABR, BBA, ePro real estate agent
Frances Smith,ABR, BBA, ePro, Real Estate Agent Access Houston Real Estate

Same as term Material Misrepresentation: falsification of a material fact in such a manner that, had the insurance company known the truth, it would not have insured the risk. A material misrepresentation gives an insurance company grounds to rescind a contract.

 

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