https://www.taxtmi.com/article/detailed?id=10356 A contract of insurance rests on utmost good faith, imposing on the insured a solemn duty to make a true and full disclosure of all material facts asked for in the proposal. Suppression, false statements or omission of such facts undermines the insurer's confidence and may render the policy voidable. The insured bears the burden to disclose material information and the insurer is not obliged to investigate omissions with a previous insurer; the proposal form declaration that statements are true forms the basis of the contract. en-us Tue, 19 Apr 2022 14:50:39 +0530 Tue, 19 Apr 2022 14:50:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10356 A contract of insurance rests on utmost good faith, imposing on the insured a solemn duty to make a true and full disclosure of all material facts asked for in the proposal. Suppression, false statements or omission of such facts undermines the insurer's confidence and may render the policy voidable. The insured bears the burden to disclose material information and the insurer is not obliged to investigate omissions with a previous insurer; the proposal form declaration that statements are true forms the basis of the contract. Articles Other Topics Tue, 19 Apr 2022 14:50:39 +0530 https://www.taxtmi.com/article/detailed?id=10356