MLchartDataset catalogue

Material misrepresentation

Term · Insurance and risk management · MLC-T-INS-002140

A false statement of a material fact made by an applicant for insurance that influences the insurer's decision to accept the risk or the premium charged. If the insurer had known the truth, it would not have issued the policy or would have issued it on different terms. Such a misrepresentation can lead to the voiding of the policy by the insurer.

Table 1. Record
IdentifierMLC-T-INS-002140
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002140",
  "term": "Material misrepresentation",
  "field": "Insurance and risk management",
  "definition": "A false statement of a material fact made by an applicant for insurance that influences the insurer's decision to accept the risk or the premium charged. If the insurer had known the truth, it would not have issued the policy or would have issued it on different terms. Such a misrepresentation can lead to the voiding of the policy by the insurer.",
  "url": "https://mlchart.com/terminology/insurance/material-misrepresentation/"
}

Record 2,095 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.