Fraud and misrepresentation definition
Fraud and misrepresentation means the knowing misrepresentation of any material fact in a claim or application or the knowing failure to disclose any material fact in a claim or application which, if properly revealed or disclosed, would change the premium; either would affect the placement or underwriting of the risk, the assignment in the insurer's rating plan, or affect the payment of a claim.
Fraud and misrepresentation means using deliberate deception to acquire Post-Secondary funds which is a criminal offence.