Fraud/Material Misrepresentation Clause Samples

Fraud/Material Misrepresentation. Coventry reserves the right to terminate this Group Contract if the Group performs an act or practice that constitutes fraud or intentional misrepresentation of material fact in applying for or procuring Coverage under the terms of this Agreement, by providing the Group thirty-one (31) days advance written notice. If the Group’s actions result in intentional misrepresentation of information on any enrollment form, risk appraisal form, health statement or related form that is material to Our acceptance and rating of the Group, Coventry has the right to re- rate the Group’s Coverage or terminate the Group’s Coverage retroactively to the date of the Group’s initial Effective Date. If We terminate the Group retroactively to the Group’s initial Effective Date, We will return to the Group all premium payments the Group has paid to date that are incurred subsequent to the initial Effective Date. In this case, the end result of this termination will be as though this Group Contract never existed between Coventry and the Group.

Fraud/Material Misrepresentation. Coventry reserves the right to take the following actions if the Group performs an act or practice that constitutes fraud or intentional misrepresentation of material fact in applying for or procuring Coverage under the terms of this Agreement: (a) termination of the Group Master Contract; (b) rescission of the Group Master Contract in cases where the act or omission would have resulted in Coventry declining to enter into the Agreement with Group; or (c) a premium rate adjustment back to the Group Effective Date if the act or omission would have resulted in an Agreement with different premium rates. Coventry will provide notice via certified or registered mail to the Group at the last-known address for any such action. In any case, no action will be initiated by Coventry after twelve months from the Group Effective Date have lapsed. If Coventry rescinds the Agreement retroactively to the initial Group Effective Date, Coventry will return to the Group all premium payments the Group has paid to date that are incurred subsequent to the initial Group Effective Date. In this case, all claims payments will be reversed and the end result of this rescission will be as though this Group Master Contract never existed between Coventry and the Group.

Fraud/Material Misrepresentation. Fraud or material misrepresentation or material omission by ▇▇▇▇▇▇▇▇, or any of their respective officers, directors, trustees, general partners, members, managing members, managers, or any Individual Guarantor, as applicable, in connection with: (a) the application for or creation of the Indebtedness; (b) any financial statement, rent roll, or other report or information provided to Lender during the term of the Indebtedness; or (c) any request for Lender’s consent to any proposed action, including a request for disbursement of reserve/escrow account funds or collateral account funds.