Duty of Disclosure
Before you are provided with insurance cover by us for your pre-existing medical condition, you have an obligation under the Insurance Contract Act 1984, that requires you to tell us everything which you know, or could be reasonably be expected to know, is relevant to our decision whether to accept the risk of the insurance and, if so, on what terms.
You must tell us everything you know, or could be reasonably expected to know, in answer to the specific questions we ask. When answering our questions you must be honest.
It is important that you understand that you are answering our questions in this way for yourself and anyone else whom you want to be covered by the policy. If you do not answer our questions in this way, we may reduce or refuse to pay a claim, or cancel the policy. If you answer our questions fraudulently, we may refuse to pay a claim and treat the policy as never being in force.
Your duty of disclosure applies every time to apply for insurance cover with us.
You do not need to tell us about any matter:
- that diminishes our risk;
- that is of common knowledge;
- that we know or should know as an insurer; or
- that we tell you we do not need to know."