This Information is for all Insurance Applications

DISCLOSURE
Before you enter into a contract with an insurer, you have a duty to disclose to the insurer every matter which you know, or could reasonably be expected to know, is relevant to the insurer's decision whether to accept the risk of the insurance and, if so, on what terms.

NON-DISCLOSURE
If you fail to comply with your duty of disclosure, the insurer may be entitled to reduce its liability under the contract in respect of a claim or may cancel the contract.

If your non-disclosure is fraudulent, the insurer may also have the option of avoiding the contract from its beginning.

COMMENT
The requirement of full and frank disclosure of anything which may be material to the risk for which you seek cover (eg. Past history or known conditions), or to the magnitude of the risk, is important. It is better to err on the side of caution by disclosing anything which might conceivably influence the insurer's consideration of your application.