Typically this is a fact that is so critical to a case or defense that it could not otherwise be supported.
In REGISTRATION of securities, a fact to which there is a substantial likelihood that an investor would attach importance in determining whether to purchase the SECURITY registered. In PROXIES for securities, a fact to which there is a substantial likelihood that a reasonable shareholder would attach importance when deciding how to vote.
Anyone seeking insurance must disclose all the material facts about the risk involved that he or she knows, or that they ought to know. In other words, the insured should not hide anything. The trouble is, certain facts which the underwriter may deem 'material' may not always be known to the insured person. The best principle to follow is: Tf in doubt, mention it anyway.' If you are not sure whether some other piece of information may or may not be relevant, tell your insurers anyway.
In insurance, vital information required for making an underwriting decision. It involves information that is so important that misrepresentation or concealment would alter an underwriting decision. Examples of material facts include a person's age, the existence of a serious health condition (such as the presence of cancer or a past heart attack) or a dangerous vocation, such as hang-gliding.
a fact likely to influence the Insurance Company in the acceptance or assessment of the Insurance (for example your own state of health or that of a close relative or business colleague)
a fact or circumstance that means there being a more than normal chance of you suffering a loss whilst insured under the policy
a fact that affects the desirability and value of a property and, if the buyer knew about it, she probably would not purchase the property
a fact that, if proved, would establish or refute an essential element of a claim or defense asserted by a party
a fact that may play a part in a buyer or seller's decision-making process
a fact that will affect the value of the property and must be disclosed to the buyer
a fact the resolution of which will somehow affect the outcome of the case
a fact upon which a reasonable person would rely in making a decision
a fact upon which the litigation depends, in whole or in part
a fact which, if known, would have affected the judgment of one or more of the parties to a transaction
a fact which, if proven, would have the effect of establishing or refuting an essential element of the claim or defense asserted by the parties
a fact which is likely to influence Us in Our acceptance or opinion of Your Insurance (for example, Your own health or that of a Close Relative)
a fact which should be properly taken into consideration when weighing all the circumstances of the case, though it need not have the effect of leading to a different decision being made
Vital information required for making an underwriting decision regarding issuing or rating or policy.
A fact that had it been known to the insurer, would have caused the insurer to decline coverage or issue entirely different coverage.
Information that would affect a company accepting a policy, or the premium it would charge. Failure to disclose a material fact could invalidate a policy.
Any information about a specific property that could affect a buyer's decision to purchase it, such as an upcoming zoning change in the neighborhood.
A fact is material if it is one which the agent should realize would be likely to affect the judgment of the principal in rendering any decision relative to the subject of the agency. Failure to disclose a material fact constitutes a violation of the trust.
Any fact that is relevant to a person making a decision. Agents must disclose all material facts to their clients. Agents must also disclose to buyers material facts about the condition of the property, such as known structural defects, building code violations and hidden dangerous conditions. Brokers are often placed in a no-win situation of trying to evaluate whether a certain fact is material enough that it needs to be disclosed to a prospective buyer, such as the fact that a murder occurred on the property 10 years ago or the fact that the neighbors throw loud parties. It is sometimes difficult to distinguish between "fact" and "opinion." The statement "real property taxes are low" is different from "real property taxes are $500 per year." Even though brokers act in good faith, they may still be liable for failure to exercise reasonable care or competence in ascertaining and communicating pertinent facts that the broker knew or "should have known." Many state laws provide that the fact that an occupant of property has AIDS is not deemed to be a material fact. A broker who fails to disclose this fact is not liable for concealment of a material fact.
An important fact about one or more of the issues involved in the contract which, if known to all parties, may result in a different contract or no contract at all.
A fact so important to a contract that withholding it would alter the terms of the contract or void it altogether.
any fact that could influence an underwriter in their acceptance of the risk, or calculating the premium.
Information about a property that could affect a buyer's decision to purchase, such as proceedings that might result in a special tax bill or assessment
Any circumstances which might affect the probability of loss and hence might influence the underwriter in the acceptance or rejection of the risk.
A fact that would be important to a reasonable person in deciding whether to engage in a particular transaction; an important fact as distinguished from some unimportant or trivial detail.
A fact is material if it is one which the agent should have realized would be likely to affect the judgment of the principal in giving his consent to the agent to enter into the particular transaction on the specified terms.
Information about the subject of insurance that if known would change the underwriting basis of the insurance, and which would cause the insurer to refuse the application or charge a higher rate
Information about a piece of property that could affect its salability and might change an individual's decision to purchase.
Facts that may have a bearing on the decision by the insurer to give or not to give insurance in a particular case, and what premium to charge.
A fact that an agent should realize will be likely to influence the judgment of the principal when giving his consent to the agent to enter into a transaction based on the terms specified.
Something affecting a contract of insurance important enough to change the agreement between the company and the policyholder. Material facts must be disclosed if asked about. Failure to do so may result in a voiding of the policy involved. An exception to this general rule is that, with respect to ocean marine insurance, all material facts must be disclosed whether the insurer asks the appropriate question or not.
A fact upon which an agreement is based, and without which, said agreement would not be made.
It refers to information that affects an insurance company's willingness to accept a policy and the premium it would charge. Failure to disclose a material fact could invalidate a policy.
A fact that is relevant to an insurance company's underwriting decision regarding issuing or rating a policy.
Anything which would affect the judgment of a prudent underwriter in accepting or rejecting or deciding the terms for a risk.