Norman B. Arnoff, a practitioner in New York City, and Sue C. Jacobs, a member of Goodman & Jacobs, warn attorneys to complete their applications for malpractice insurance carefully. If an applicant does not disclose or misrepresents a fact that ripens into a claim or lawsuit during the policy term, the carrier may claim the law firm made a false representation to induce the carrier to issue the precise policy. The carrier may also attempt to rescind the policy, leaving a significant claim uncovered.
April 10, 2007 at 12:00 AM
1 minute read
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