§ 27-18-16 False statements in application.
The falsity of any statement in the application for any policy covered by this chapter may not bar the right to recovery under the policy unless the false statement materially affected either the acceptance of the risk or the hazard assumed by the insurer.
(P.L. 1956, ch. 3808, § 5; G.L. 1956, § 27-18-16.)