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Liability insurer seeks to rescind policy after mortgage fraud discovery
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Court Report
Monday, January 6, 2014
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A professional liability insurer sought to rescind a title agent errors and omissions policy after the president of the title agency pled guilty to two counts of mortgage fraud. She lied on at least one critical question on the policy application, making the policy void, but the title agency argued that the activities were classified as negligence and covered under the policy.
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