Material Misrepresentations Entitle Insurer To Rescission, N.Y. Federal Judge Holds

NEW YORK – An insured’s material misrepresentations in a life insurance policy application entitle an insurer to rescind the policy, a New York federal judge ruled July 27 (American General Life Insurance Co. v. Benjamin Bolden Jr., et al., No. 10-Civ.-712, S.D. N.Y.; 2011 U.S. Dist. LEXIS 82527).
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