Concealment

By

PolicyGenius Admin

PolicyGenius Admin

Blog author PolicyGenius Admin

Published April 29, 2015

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The deliberate hiding of or failure to disclose "material" information known to be relevant in the underwriting of an insurance policy.For example, John tells his agent during the application process and says he has never smoked but did five years ago and has since quit, if it comes to light insurer has the right to cancel the policy.

PolicyGenius Admin

Blog author PolicyGenius Admin