Misrepresentation & Fraud by the Insured
An insured’s duties regarding concealment, misrepresentation and fraud come from three sources
- Criminal Insurance Fraud Statutes
- Insurance Statutes
- Policy Language
An insured’s duties exist before the loss (underwriting) and after the loss (claims process).
Policies and statutes can vary from commercial to homeowners and from state to state, but most share the same elements