Insights

Duty of disclosure: what’s changing?
Nik Albrecht Nik Albrecht

Duty of disclosure: what’s changing?

The result of another Royal Commission recommendation, as of 5 October 2021, insurance sold to retail will no longer benefit from the protection of the duty of disclosure. Instead, it will be replaced with a lesser duty – a duty to take reasonable care not to make a misrepresentation to an insurer. Let us explain the difference.

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