A fact that influences a prudent underwriter?s decision to accept the risk or not is known as ______.
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A material fact is a fact which will affect the judgement of a prudent underwriter in considering whether to accept or to reject a risk and if accepted, at what rate of premium and under what terms and conditions.
decision to accept the risk or not is known as The Interagency Security
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Material fact is the fact that is to be considered by the prudent underwriter about the fact that whether the risk shall be accepted or whether the risk should be rejected.
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