Small Businesses
Tech Companies
Motor & Fleet

D&O

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Fraudulent Non-Disclosure

Fraudulent non-disclosure occurs when a party deliberately withholds information that should have been disclosed under their duty of disclosure. For example, failing to disclose prior cyber incidents when applying for cyber insurance. Under Section 28 of the Insurance Contracts Act 1984 (Cth), this allows the insurer to avoid the contract entirely from inception.

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Fraudulent non-disclosure occurs when a party deliberately withholds information that should have been disclosed under their duty of disclosure. For example, failing to disclose prior cyber incidents when applying for cyber insurance. Under Section 28 of the Insurance Contracts Act 1984 (Cth), this allows the insurer to avoid the contract entirely from inception.

Related Term

All Category

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