4.7-8 Misrepresentation, Concealment, and Fraud definitions (Property)
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Fraud
a deliberate misrepresentation that causes harm
Material fact
a fact that can make an insurer decline a risk, charge a different premium, or change the provisions of the policy that was issued.
Misrepresentation
a written or verbal misstatement that will void the policy if it concerns a material fact
Concealment
similar to misrepresentation, except that the material fact is withheld