Misrepresentation or Fraud Clause Samples

Misrepresentation or Fraud. SAMPLE POLICY a. This policy was issued in reliance on the information provided on your insurance application, including, but not limited to information regarding the license and driving history of you, or listed drivers; all persons of driving age residing in your household; the description of the cars to be insured; the location of the principal place of garaging; and your place of residence. b. We may void this policy if you or any insured person have engaged in fraudulent conduct or have concealed, omitted, or misrepresented any material fact or circumstance concerning the application, issuance, renewal or continuation of this policy and we in good faith would not have issued this policy had the true facts had been known. This means that we will not be liable for any claims or damages that would otherwise be covered. c. We may deny coverage for an accident if you or any insured person have concealed, omitted or misrepresented any material fact or circumstance, or engaged in fraudulent conduct, in connection with the presentation or settlement of a claim. d. If we void this policy, it will be void from its inception (void ab initio), and no coverage will be provided whatsoever. However, we will provide coverage under Part I - Liability Coverage up to the minimum limits required by the Arizona financial responsibility law for an accident that occurs before we notify the named insured that this policy is declared void. e. To the extent that we make payments to you under this policy and our subsequent investigation reveals your involvement in fraud or misrepresentation in the presentation of a claim, you must indemnify us for all payments made.