Section 6 (1) of the MVDA states that an applicant (salesperson and / or dealer) that meets the prescribed requirements is entitled to registration or renewal of registration by the registrar unless, (a) the applicant is not a corporation and, (ii) the past conduct of the applicant or of an interested person in respect of the applicant affords reasonable grounds for belief that the applicant will not carry on business in accordance with law and with integrity and honesty, or (ii) the applicant or an employee or agent of
the applicant makes a false statement or provides a false statement in an application for registration or for renewal of registration.
Material Misrepresentation: The policyholder /
applicant makes a false statement of any material (important) fact on his / her application.
Not exact matches
The New York Insurance Law defines a «misrepresentation» as a
false statement «as to past or present fact,
made to the [insurance company] by, or by the authority of, the
applicant for insurance or the prospective insured, at or before the
making of the insurance contract as an inducement to the
making thereof.»
«By creating a
false sense of security, these
statements merely provide an illusion of diversity that might end up
making things worse for minority
applicants,» she added.
24 (1) If an
applicant for a licence
made a
false or misleading
statement in or in relation to their application, respecting a matter referred to in section 10 [qualifications for obtaining licence], the real estate council may, by order,