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Which of the following statements BEST defines a material fact?
A) A misrepresentation of a fact about an applicant.
B) A concealment of a known fact by the applicant.
C) A false statement of a fact by the applicant.
D) A fact that may affect an applicant being accepted or rejected.
Answer: D) A fact that may affect an applicant being accepted or rejected.
The above question Which of the following statements BEST defines a material fact?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
