FinancialInstitutioninHongKongndash;InsuranceIndustryUnder培训课件.pptVIP

Non-disclosure (cont’d) Non-disclosure arises when: - an applicant for an insurance policy fails to disclose on the application material fact within his actual or presumed knowledge Information given by an applicant in the application has great impact on the insurers underwriting assessment whether or not non-disclosed ? 1. A material fact, which would influence a prudent underwriter in assessment 2. A fact within the knowledge of the applicant 3. A fact which the applicant could reasonably be expected to disclose Non-disclosure (cont’d) Non-disclosure could result in