
1) Legal terminology
Found on
https://www.crosswordclues.com/clue/material-fact

A material fact is a fact that would be to a reasonable person germane to the decision to be made as distinguished from an insignificant, trivial or unimportant detail. In other words, it is a fact which expression (concealment) would reasonably result in a different decision. Falsification of a material fact in such a manner that, had the insuran...
Found on
http://en.wikipedia.org/wiki/Material_fact

Any fact that could influence an underwriter in their acceptance of the risk, or calculating the premium.
Found on
http://www.encyclo.co.uk/local/20546
No exact match found.