Question: When Fima applied to Paul Revere Life Insurance Co. for a disability policy, he overstated his income by a large amount. Three years after the policy was issued, Fima became disabled and filed a claim for policy benefits. Paul Revere refused to pay because of the misstatement on the application. Is Paul Revere correct? (Paul Revere Life Insurance Co. v. Fima, 105 F. 3d 490)