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![Duty of disclosure: what’s changing?](https://images.squarespace-cdn.com/content/v1/641979cbb0f14d420b92cbe7/1679731676862-Q4Z4QGC972Y17BVV5AH7/disclosure.png)
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.