Question: A material fact in one which allows insureds to void the policy and get a full refund, one which allows the insurer cancel the coverage,

A "material fact" in one which allows insureds to void the policy and get a full refund, one which allows the insurer cancel the coverage, but they must pay any claims, if known, might have caused the insurer to make a different decision or one which has no bearing on the policy after it has been in force

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