Common use of Fraud Warning Clause in Contracts

Fraud Warning. Any person who, knowingly and with intent to defraud the company or other person, files a proposal for insurance containing any false information, or conceals for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent insurance act which will render the policy voidable at the company’s sole discretion and result in a denial of insurance benefits. The company will not be liable for any premium refund.

Appears in 2 contracts

Sources: Loan Care Policy, Loan Care Policy