Misrepresentaion of a risk or concealment of a risk factor is legally considered fraud by the applicant. Misreprentation or concealment is an intentional attempt to obtain coverage or enduce an insurer to accept a risk that it may not have accepted or would otherwise have been rated differently should the applicant have been truthful from the beginning. An insurer is not required to pay losses incurred under a fraudulently obtained policy and could even result in criminal prosecution of the applicant.
(1) The defendant made a false representation of a past or existing material fact susceptible of knowledge. (2) The defendant did so knowing the representation was false, or without knowing whether it was true or false. (3) The defendant intended to induce the plaintiff to act in reliance on that representation.
I'll take a stab at it; 1) Knowingly/intentionally supplying wrong/incorrect or misleading information 2) to gain/aquire coverage/policy 3) Had the company known the correct/true information that would not have taken on the risk/insured/policy.
If after reaching your PR rally point, you find conditions prevent your rendezvous with recovery forces, your troops or group should proceed with the alternate recovery plan that should have been laid out while the recovery process was being discussed. This is called the Contingency Plan of Action, or CPA.
Recovery wadding is a flame-resistant tissue paper placed in the tube of a model rocket before the recovery device and nosecone. Its purpose is to prevent the parachute or streamer from being burned / melted when the ejection charge goes off.
Coolant is fluid that flows through a device in a vehicle to prevent overheating, The coolant level sensor is located on the bottom side of the coolant recovery tank.
There are many advantages of having backup and disaster recovery schemes in place. The most obvious is that even if the system crashes, the backup and disaster recovery schemes will prevent one from total loss.
A material fact is any fact that would reasonably influence an insurers underwriting decision on a policy, i.e.: would influence their decision whether to issue a policy or the premium for the policy. For example, if you apply for an automobile insurance policy and represent that you are accident and violation free, when in fact you were responsible for a DUI accident last year, your misrepresentation is considered material as the insurer would not have issued the policy if in possession of the facts. Conversely, if you insure a 2009 F-150 Black pickup truck when the vehicle is , in fact, a 2009 F-150 Green pickup, the misrepresentation is not material as it would not influence the decision to insure or the premium charged. The effect of a material misrepresentation varies by state. In the majority of states, known as increase in risk states, a material misrepresentation is grounds for recission of the policy, i.e.: the policy is declared void ab initio (from the beginning) effectively no policy ever existed and any intervening losses are uninsured. In a minority of states, known as contribute to risk states, the misrepresentation must actually contribute to a loss for the loss not to be covered, e.g.: you represent that a wood framed & sided building is fire resistant masonry construction and the building burns to the ground. Life insurance is treated similarly with the exception that policies are required to contain incontestability clauses which prevent recission after the passage of a period of time (typically two years).
It is important to have accident insurance in order to be prepared for the unexpected. Having accident insurance will prevent major expenses but not all resulting in an accident.
Debit card scam recovery is the process of taking action to regain any lost funds and prevent further unauthorized transactions on your debit card. The first step in debit card scam recovery is to contact your bank or card issuer immediately. They will be able to freeze your account and issue a new card to prevent further unauthorized transactions.
Wheelchairs can speed up recovery time of injured dogs. Using a wheelchair can also help prevent further injury.
the mashall plan
Kiwi Recovery Programme began in 1991 to prevent the extinction of kiwi on mainland New Zealand and has since been superseded by the BNZ Save the Kiwi Trust.