When Fima applied to Paul Revere Life Insurance Co. for a disability policy, he overstated his income

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When Fima applied to Paul Revere Life Insurance Co. for a disability policy, he overstated his income by a large amount. Three years after the policy was issued, Fima became disabled and filed a claim for policy benefits. Paul Revere refused to pay because of the misstatement on the application. Is Paul Revere correct?
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Business Law Principles and Practices

ISBN: 978-1133586562

9th edition

Authors: Arnold J. Goldman, William D. Sigismond

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