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Susan Edmunds
Susan Edmunds
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Insurance

Reasonableness on non-disclosure needed

Monday 30th of July 2018

Karen Stevens made a submission on the issues paper for the Insurance Contract Law Review.

She said the existing laws needed an update and the consequences of non-disclosure on customers were often extremely harsh – even in cases where it was not deliberate.

Insurers would often avoid a policy, leaving clients with no insurance and little prospect of replacing it.

She called for the law to include a reasonableness standard to apply to insurers when they were faced with material non-disclosure.

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