§ 19-307. Antiarson application as part of policy; notice of changes

Latest version.

   (a) Antiarson application as part of policy; misrepresentations. --

   (1) An antiarson application required under this subtitle is a material part of the policy to which the application pertains.

   (2) A material misrepresentation in an antiarson application is grounds to rescind the policy.

(b) Notice of changes. --

   (1) Within a reasonable time as specified by the Commissioner, a policyholder shall notify the policyholder's insurer in writing of any change in the information contained in an antiarson application.

   (2) A material failure to give the notice required in paragraph (1) of this subsection, or a material misrepresentation in a notification, is grounds to rescind the policy.

HISTORY: An. Code 1957, art. 48A, § 577; 1996, ch. 11.

                    
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