Duty of Disclosure

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Generic

What is
Duty of Disclosure
The obligation to reveal all material facts that could influence the insurer's decision to provide coverage or set terms
Duty of Disclosure
in more detail

The duty of disclosure is a statutory obligation under section 21 of the Insurance Contracts Act 1984, requires an insured to disclose to the insurer, before entering into a contract of insurance, every matter known to them that is relevant to the insurer's decision whether to accept the risk and on what terms

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