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Financial advisory
RES5Financial Advisory Services✓A proposer fails to disclose a material fact when applying for insurance. The usual legal effect on the contract is that it becomes:
A material misrepresentation or non-disclosure is a breach of the duty of utmost good faith. It does not automatically void the contract; it makes the contract voidable at the insurer's option — the insurer may choose to avoid or to affirm it.
Non-disclosure makes the policy voidable (insurer's choice), not automatically void.
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