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Home / Opinion Digests / Insurance – Crime Insurance – Application Statement – Rescission (access required)

Insurance – Crime Insurance – Application Statement – Rescission (access required)

An insurance carrier can rescind its crime policy issued to plaintiff, a homeowners’ association management company, because the firm’s founder falsely, and knowingly, answered an application question to state that bank accounts were reconciled by someone not authorized to deposit or withdraw from them, and an Alexandria U.S. District Court says the policy does not ...