What is the test for disclosing material facts to an insurer?
Nova Scotia, Canada
The following excerpt is from Linden Estate v. CUMIS Life Insurance Company, 2014 NSSC 115 (CanLII):
Generally speaking, “….a fact is material if it had been truly disclosed it would have caused a reasonable insurer to decline the risk or to have stipulated a higher premium.” (Henwood v. Prudential 1967 CanLII 17 (SCC), [1967] S.C.R. 720, at par 19)
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