| 单词 | non-disclosure |
| 释义 | non-disclosure in Insurance (nɒn dɪskloʊʒər) noun (Insurance: Underwriting) Non-disclosure is failure to inform an underwriter or insurer of all the facts relating to a life or health insurance proposal. A breach by way of omission could be committed either through non-disclosure of any material fact or by way of concealment of a material fact. The policy shall become void at the option of the insurer in the event of any untrueor incorrect statement or non-disclosure in the proposal form. Non-disclosure is failure to inform an underwriter or insurer of all the facts relating to a lifeor health insurance proposal. |
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