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Not including relevant information when taking out an insurance policy.
ommision
Deliberately giving wrong information.
misrepresentation
To make something known.
disclose
A person who wishes to purchase insurance.
proposer
A professional employed by an insurance company to decide how much should be paid to people who make a claim.
adjuster
To behave according to a rule.
adhere to
The act of lying to collect money to which you have no right.
fraud
A person who evaluates insurance applications and determine coverage amounts and premiums.
underwriter
The fact or practice of not making information known.
non-disclosure
Three types of non-disclosure:
innocent, negligent, deliberate
A conscious decision not to disclose something to the insurers which the claimant knew that it should disclose.
deliberate non-disclosure
The non-disclosure resulted from the customer no taking enough care.
negligent non-disclosure
Any derasonable person would concluded that the information which was not disclosed was not relevant to the issurer.
innocent non-disclosure
