Policy Rescission Proper Based On Insured’s Material Misrepresentations

Mealey's (May 6, 2022, 10:24 AM EDT) -- FORT PIERCE, Fla. — A federal judge in Florida on April 28 ruled that an insurer is entitled to summary judgment in a declaratory judgment lawsuit stemming from its insured’s application for a term-life insurance policy because the undisputed facts show that the insured made several misrepresentations in his policy application regarding his history of substance abuse and that those misrepresentations were material....