False pretense, trick, and device

{
  "id": "MLC-T-INS-001458",
  "term": "False pretense, trick, and device",
  "field": "Insurance and risk management",
  "definition": "A type of exclusion in insurance policies that denies coverage for losses resulting from voluntarily parting with property due to fraud, deception, or a confidence scheme. This applies when an insured willingly surrenders possession of an item based on a misrepresentation by another party. For example, if a vehicle is given to someone who promises to pay later but then absconds with it, the loss would be excluded.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/false-pretense-trick-and-device/"
}