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Material Misrepresentation Voids Policy, Illinois Federal Judge Rules

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CHICAGO - An applicant who failed to disclose a change in his medical condition prior to finalizing the issuance of a life insurance policy committed a material misrepresentation, an Illinois federal court ruled March 15 (Riversource Life Insurance Co. v. Amy Plumbing, Heating & Cooling Inc., No. 12-C-1388, N.D. Ill.; 2013 U.S. Dist. LEXIS 36541)....(read more)

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