Insurance 101 – Chapter 16 Volume 17 – Materiality

Materiality

The California Court of Appeal reaffirmed the general rule stated in the California Insurance Code that the test to determine materiality of facts misrepresented or concealed, when rescinding a policy of insurance, is subjective. It is determined by the effect the false information had on the particular underwriter who made the decision to insure.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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