Opinion ID: 628691
Heading Depth: 2
Heading Rank: 3

Heading: Application of Fla.Stat. Sec. 627.409

Text: 16 The remaining question to be resolved is whether Fla.Stat. Sec. 627.409 applies to these certificates of insurance. As noted above Sec. 627.409 protects an insurer from material misrepresentations in an application for insurance, even those innocently made by the insured. Therefore, if Sec. 627.409 applies in this case, Verex can rescind the certificates it issued based on the material misrepresentations contained in the borrowers' loan documents which are imputed to Sunrise by virtue of our foregoing analysis. The question of whether Sec. 627.409 applied to mortgage guaranty insurance at the time these certificates were issued is an unresolved question of Florida law. We conclude this question is appropriate for certification to the Supreme Court of Florida and certify this question with accompanying memorandum at Appendix A.