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Home / Opinion Digests / Policyholder can’t recoup over $622K in life insurance premiums (access required)

Policyholder can’t recoup over $622K in life insurance premiums (access required)

Although the policyholder alleged he was fraudulently induced into purchasing the life insurance policy, he failed to show a false statement of material fact was made, and the fraud claim was barred by the economic loss rule. As such, the policyholder, and his wife/sole beneficiary, were unable to get the policy reinstated or recover the ...