Your Duty of Disclosure
In accordance with the provisions of the Insurance Contracts Act 1984
(Section 22), we are required to advise you of your responsibilities in
relation to the disclosure of relevant information.
Before you enter into a Contract of General insurance with an
Insurer, you have a duty under the Insurance Contracts Act 1984 to
disclose to the Insurers every matter that you know, or could reasonably
expect to know, is relevant to the Insurer’s decision whether to accept
the risk of insurance and, if so, on what terms. You have the same duty
to disclose those matters to the Insurer before you renew, extend, vary
or reinstate a Contract of General Insurance. Your duty however does
not require disclose of matters:
a) that diminishes the risk to be undertaken by the Insurer;
b) that is common knowledge;
c) that your Insurer knows or, in the ordinary course of business, ought to know;
d) as to which the compliance with our duty is waived by the Insurer.
Non-Disclosure
If you fail to comply with your Duty of Disclosure, the Insurer may
be entitled to reduce the 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.
Declaration
I declare that the contents of this form are true and that I have not
omitted any material information. If this information differs before
the contract of insurance is concluded, I will tell the Insurers.
I have read and agree to the Duty of Disclosure.
