Watch the full video at https://rumble.com/vfy5av-a-video-explaining-the-marine-rule-and-rescission-of-insurance.html and at https: // youtu. be / FjBJNKsg2Fg
In some states, even if the false statements in the application were not guarantees but were merely misrepresentations or hidden (whether innocent or intentional), there are grounds for revocation. Fraud does not need to be proven; this is called the marine rule.
I Gates v. Madison County Mut. Ins. Co. (5 NY 469, 55 Am.Dec. 360, a "marine rule requires the insured, even if no investigation is made, to disclose all factual material to the risk, within his knowledge." In other words, an applicant for marine insurance must state all material facts known to him and unknown to the insurer ( Alexander, Ramsey Kerr v. National Union Fire Ins. Co., 104 F.2d 1006, 1008)  The Supreme Court of Rhode Island, applying the Marine Rule in Guardian Life Insurance Company of America v Alfred E. Tillinghast, 1986 RI 2219 (1986) found that there was no need to prove fraud. , even if they are appealed, where a materially misrepresentation is sufficient to repeal the policy. disputes. He practiced law in California for more than 44 years as an insurance coverage and claims lawyer and more than 52 years in the insurance business. He can be found at http://www.zalma.com and firstname.lastname@example.org.
Mr. Zalma is the first recipient of the first annual Claims Magazine / ACE Legend Award.
For the past 53 years, Barry Zalma has devoted his life to insurance, insurance claims and the need to defeat insurance fraud. He has created the following library of books and other materials to enable insurers and their claims staff to become professionals in insurance claims.
Go to the podcast Zalma On Insurance at https://anchor.fm/barry-zalma; Follow Zalma on Twitter at https://twitter.com/bzalma ; Go to Barry Zalma videos on Rumble.com at https://rumble.com/c/c-262921; Go to Barry Zalma on YouTube- https://www.youtube.com/channel/UCysiZklEtxZsSF9DfC0Expg; Go to the library for insurance claims – https://zalma.com/blog/insurance-claims-  bibliotek / Read posts from Barry Zalma at https://parler.com/profile / Hymn / post; and the last two issues of ZIFL at https://zalma.com/zalmas-insurance-fraud-letter-2/Like this: