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A.C.I.I.

Posted on July 20, 2013July 20, 2013

Associate of the Chartered Insurance Institute. A professional qualification awarded by the Chartered Insurance Institute to successful examinees.

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MATERIAL MISREPRESENTATION

The policyholder/applicant makes a false statement of any material circumstance on his/her application. For instance, the policyholder provides false information regarding the location where the vehicle is kept.