Duty of Disclosure under Insurance Contracts Introduction The insurance contract, as a sub-species of contract, shares the common rules of law as they are in general contracts. However, the uniqueness result of its nature makes it inevitable that specific rules exist. As the contract of insurance has been classified as one of utmost good faith, one party of the contract, usually the assured, is thus required not only to abstain from making misrepresentation but also to volunteer information. The…
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