Order unanimously reversed, on the law, with costs, and plaintiff's motion granted.
Memorandum:
On July 12, 1984, Dr. Venigalla S.K. Prasad completed an application for a flexible premium adjustable life insurance policy in the amount of $965,000, payable in the event of his death. Defendant insurance company's agent, Dennis J. McNerney, accepted Dr. Prasad's check for $1,000, the initial premium payment. Sometime after making this application, Dr. Prasad...
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