Insurance 101 – Chapter 16 Volume 20 – More on Marine Rule

More on Marine Rule

Although silence of an applicant may not be fraudulent, the Scarburgh v. American Manufacturers court made clear that the policy could be rescinded and the duty of utmost good faith must be applied to protect the insurer against being deceived, even if it did not ask the insured the questions that were later found to be material.

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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