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INSURANCE LAW ASSIGNMENT With the aid of case law and the provisions of the Marine Insurance Act of 1906, discuss the following statement in elaborate

INSURANCE LAW ASSIGNMENT

With the aid of case law and the provisions of the Marine Insurance Act of 1906, discuss the following statement in elaborate detail.

" A claim which is fraudulent entitles the insurer to avoid the contract ab initio irrespective of whether there is a term in a policy to that effect. Is this statement correct?

Rememder:

use case law and Marine insurance act

Be very elaborate

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