California Law (Last Updated: March 4, 2014) |
Insurance Code - INS |
Division 1. GENERAL RULES GOVERNING INSURANCE |
Part 1. THE CONTRACT |
Chapter 3. Negotiations Before Execution |
ARTICLE 1. Concealment |
Section 334.
Latest version.
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Materiality is to be determined not by the event, but solely by the probable and reasonable influence of the facts upon the party to whom the communication is due, in forming his estimate of the disadvantages of the proposed contract, or in making his inquiries.
(Enacted by Stats. 1935, Ch. 145.)