The Consumer Insurance (Disclosure and Representation) Act 2012
When applying for insurance, information must be provided so that the insurance company can supply an accurate quotation. The duties and obligations depend on whether cover is requested by a consumer customer (under the Consumer Insurance (Disclosure and Representation) Act 2012) or a commercial customer. Any application made for insurance through B. Portwood is made on the understanding that the following is adhered.
Under the Consumer Insurance (Disclosure and Representation) Act 2012 it is your duty as a consumer to TAKE REASONABLE CARE not to make a representation to an insurer.
Under the Act a consumer is defined as an individual who enters into an insurance contract wholly or mainly for purposes unrelated to the individual's trade, business or profession.
A failure by the consumer to comply with the insurers request to confirm or amend particulars previously given is capable of being a misrepresentation for the purposes of this Act.
It is important that you ensure all statements you make on proposal forms (including electronic forms), claim forms and other documents are full and accurate and we recommend that you keep a copy of all correspondence in relation to the arrangement of your insurance.
Under the Act an insurer has a remedy against a consumer in respect of qualifying misrepresentation in breach of the consumer's duty of reasonable care where the insurer deems the misrepresentation to be either deliberate, reckless or careless.
If in doubt about any point in relation of your duty to take reasonable care and subsequent qualifying misrepresentation please contact us immediately. (01388 607140 or 08448262617)
It is your responsibility to provide complete and accurate information to insurers when you take out an insurance policy, throughout the life of the policy and when you renew your insurance.
It is important that you ensure all statements you make on the proposal form, claim forms and other documents are full and accurate and we recommend that you keep a copy of all correspondence in relation to the arrangement of your insurance.
Please also note that any renewal of insurance will be made in reliance upon the information provided by you in connection with your previous insurance policy - we will assume that such information remains correct unless you tell us otherwise.
Please also note that if you fail to disclose any material information to us and your insurers, this could invalidate your insurance cover and could mean that part or all of a claim may not be paid. You should take particular care to check the accuracy of all information you provide.
If in doubt about any point in relation to material facts please contact us immediately.
Sanctions under the Act