One not acceptable for insurance due to excessive risk. 

A duty imposed on both parties to an insurance contract. The legal duty implies full…

Phrase referring to contracts of insurance in which both parties must disclose all the facts…

Estimation of the value of an item, usually by appraisal

An insurance contract in which the value of the thing insured and the amount to…

In law, liability arising out of imputed negligence

Of no force or effect: null

A contract obtained by fraud is a void contract

A contract, which is valid until it is treated as void by the aggrieved party,…

The period of time that an individual must wait either to become eligible for insurance…