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1108 REVIEW DENIED The lender, rather than the insurance carrier, must bear the financial loss resulting from an insurance agent's fraudulent submission of a premium financing application on behalf of insureds who did not authorize the application.CitationCALIFORNIA INDEMNITY v FIREMAN'S FUND (Fraudulent Financing) 40 CA4 1633 [See: InsC 673; Pacific v Wolff 72 CA3 537] |
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