Insurance with Respect to Misrepresentations and Omissions?
With property and casualty insurance, ordinarily a person who misrepresented information would still be around to deny or defend his or her answers to questions that were asked during the application process if a fire or an accident occurred. Such is not the case with life insurance. Since the insured definitely will not be around to defend his or her answers to questions on an application or other information that was not even asked, but which might have had a bearing on accepting or rejecting the risk, life insurance is unique.
