Material Fact 2


Definition of "Material fact"

Frances Smith,ABR, BBA, ePro
Frances Smith,ABR, BBA, ePro 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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