4) What types of changes are considered “material” to an automobile policy?
Material changes: are those that would influence a reasonable prudent insurer to decide whether to stay on risk or influence the terms on which the risk is retained.
a) Any change in the insurable interest of the insured named in this contract in the automobile by sale, assignment or otherwise, except through change of title by succession, death or proceedings under the Bankruptcy Act(Canada)And in respect of insurance against loss of or damage to the automobile
b) Any mortgage, lien or encumbrance affecting the automobile after the application for this contract;
c) Any other insurance of the same interest, whether valid or not, covering loss or damage insured by this contract or any portion thereof