[PDF.03hd] Insurance Contract Law: The Business Insured's Duty Of Disclosure And The Law Of Warranties: Law Commission Consultation Paper #204, Discussion Paper 155 (Joint Consultation Papers)

Insurance Contract Law: The Business Insured's Duty Of Disclosure And The Law Of Warranties: Law Commission Consultation Paper #204, Discussion Paper 155 (Joint Consultation Papers)

[PDF.nn16] Insurance Contract Law: The Business Insured's Duty Of Disclosure And The Law Of Warranties: Law Commission Consultation Paper #204, Discussion Paper 155 (Joint Consultation Papers)

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 |  2012-06-26 | Original language:English | PDF # 1 |  11.60 x.30 x8.10l,1.50 | File type: PDF | 239 pages

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This joint discussion paper covers the following issues: the business insured's duty of disclosure, and the law of warranties. Under current law, a business policyholder has a duty to disclose every material circumstance it knows about the risk it wants to insure. Failure to do so entitles the insurer to avoid the contract, which means the insurer may treat it as if it did not exist and refuse all claims. The duty is unclear and sometimes poorly understood, while the con...

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