Duty of Disclosure

March 16, 2019 | Author: Rohit Sinha | Category: Misrepresentation, Contractual Term, Insurance, Breach Of Contract, Reinsurance
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CHANAKYA NATIONAL LAW UNIVERSITY 

SUBJECT- INSURANCE PROJECT WORK ON DUTY OF DISCLOSURE

SUBMITTED TO DR. Shaiwal Satyarthi FACULTY OF INSURANCE! SUBMITTED BY RO"IT SIN"A ROLL NO. #$% &th '()('t(r

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ACKNOWLEDGEMENT Making a project is one of the most significant academic challenges I have ever faced. Any attempt at any level can't be satisfactorily completed without the support and guidance of  learned people. I am overwhelmed with my gratitude to acknowledge all those who have helped me put these ideas well above the level of simplicity and into something concrete effectively and moreover on time. I am very thankful to my subject teacher Dr teacher  Dr.. Shaiwal Satyarthi for his valuable help. !e was always there to show me the right track whenever I needed his help. !e lent his valuable suggestions guidance and encouragement on different matters pertaining to the topic. !e has  been very kind and patient while suggesting me the outlines of this project and clearing my doubts. I thank him for his overall support without which I would not have been able to complete complete this this project. project. I would also like to thank my colleagues colleagues who often helped and gave me support at critical junctures during the making of this project. "ast but not the least I would like to thank my family members for their emotional support.

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Contents $%&%A$! M%(!)*)")+,...........................................................................................&)% A/* )0%( ) (!% $)%(..........................................................................&)3$%&..............................................................................................................................I/($)*3(I)/......................................................................................................................4 %valuation of *octrine 3nder ommon "aw............................................................................5 +eneral rinciples of 3tmost +ood aith..................................................................................6 +ood aith %7pected rom 0oth the arties............................................................................18 9hat is a material fact:............................................................................................................12 acts which need to be disclosed and need not to be disclosed...............................................1# acts re;uired to be disclosed.............................................................................................. 1# acts which need not be disclosed....................................................................................... 1rinciple of utmost good faith under the Marine Insurance Act 165#....................................14 Active and assive *uty of *isclosure....................................................................................14 %ffect )f /on................................................................................................................15  /on==www.iaisweb.org http>==www.out==www.imf.org= http>==www.naic.org= http>==www.albertalawreview.com= http>==iaisweb.org=

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