Common use of Duty of Disclosure Clause in Contracts

Duty of Disclosure. Consumer Takaful Contract - Where You have applied for this Takaful wholly for purposes unrelated to Your trade, business or profession, You had a duty to take reasonable care not to make a misrepresentation in answering the questions in the Proposal Form (or when You applied for this takaful) i.e. You should have answered the questions fully and accurately. Failure to have taken reasonable care in answering the questions may result in voidance of Your contract of takaful, refusal or reduction of Your claim(s), change of terms or termination of Your contract of takaful in accordance with the remedies in Schedule 9 of the Islamic Financial Services Act 2013. You were also required to disclose any other matter that You knew to be relevant to Our decision in accepting the risks and determining the rates and terms to be applied. You also have a duty to tell Us immediately if at any time after Your contract of takaful has been entered into, varied or renewed with Us any of the information given in the Proposal Form (or when You applied for this takaful) is inaccurate or has changed. Non-Consumer Takaful Contract - Where You have applied for this Takaful wholly for purposes related to Your trade, business or profession, You had a duty to disclose any matter that You know to be relevant to Our decision in accepting the risks and determining the rates and terms to be applied and any matter a reasonable person in the circumstances could be expected to know to be relevant otherwise it may result in voidance of Your contract of takaful, refusal or reduction of Your claim(s), change of terms or termination of Your contract of takaful. You also have a duty to tell Us immediately if at any time after Your contract of takaful has been entered into, varied or renewed with Us any of the information given in the Proposal Form (or when You applied for this takaful) is inaccurate or has changed.

Duty of Disclosure. Consumer Takaful Contract - Where You have the Certificate Holder has applied for this Takaful wholly for purposes unrelated to Your the Certificate Holder’s trade, business or profession, You the Certificate Holder had a duty to take reasonable care not to make a misrepresentation in answering the questions in the Proposal Form (or when You the Certificate Holder applied for this takaful) i.e. You the Certificate Holder should have has answered the questions fully and accurately. Failure to have taken reasonable care in answering the questions may result in voidance avoidance of Your the Certificate Holder’s contract of takaful, refusal or reduction of Your the Certificate Holder’s claim(s), change of terms or termination of Your the Certificate Holder’s contract of takaful in accordance with the remedies in Schedule 9 of the Islamic Financial Services Act 2013. You were The Certificate Holder is also required to disclose any other matter that You knew the Certificate Holder knews to be relevant to Our decision in accepting the risks and determining the rates and terms to be applied. You The Certificate Holder also have has a duty to tell Us immediately if at any time after Your the Certificate Holder’s contract of takaful has been entered into, varied or renewed with Us any of the information given in the Proposal Form (or when You the Certificate Holder applied for this takaful) is inaccurate or has changed. Non-Consumer Takaful Contract - Where You have the Certificate Holder has applied for this Takaful wholly for purposes related to Your the Certificate Holder’s trade, business or profession, You the Certificate Holder had a duty to disclose any matter that You know the Certificate Holder knows to be relevant to Our decision in accepting the risks and determining the rates and terms to be applied and any matter a reasonable person in the circumstances could be expected to know to be relevant otherwise it may result in voidance avoidance of Your the Certificate Holder’s contract of takaful, refusal or reduction of Your the Certificate Holder’s claim(s), change of terms or termination of Your the Certificate Holder’s contract of takaful. You The Certificate Holder also have has a duty to tell Us immediately if at any time after Your the Certificate Holder’s contract of takaful has been entered into, varied or renewed with Us any of the information given in the Proposal Form (or when You the Certificate Holder applied for this takaful) is inaccurate or has changed.

Duty of Disclosure. Consumer Takaful Insurance Contract - Where You have applied for this Takaful Insurance wholly for purposes unrelated to Your trade, business or profession, You had a duty to take reasonable care not to make a misrepresentation in answering the questions in the Proposal Form (or when You applied for this takafulinsurance) i.e. You should have answered the questions fully and accurately. Failure to have taken reasonable care in answering the questions may result in voidance avoidance of Your contract of takafulinsurance, refusal or reduction of Your claim(s), change of terms or termination of Your contract of takaful insurance in accordance with the remedies in Schedule 9 of the Islamic Financial Services Act 2013. You were also required to disclose any other matter that You knew to be relevant to Our our decision in accepting the risks and determining the rates and terms to be applied. You also have a duty to tell Us us immediately if at any time after Your contract of takaful insurance has been entered into, varied or renewed with Us us any of the information given in the Proposal Form (or Form(or when You applied for this takafulinsurance) is inaccurate or has changed. Non-Consumer Takaful Insurance Contract - Where You have applied for this Takaful Insurance wholly for purposes related to Your trade, business or profession, You had a duty to disclose any matter that You know to be relevant to Our our decision in accepting the risks and determining the rates and terms to be applied and any matter a reasonable person in the circumstances could be expected to know to be relevant otherwise it may result in voidance avoidance of Your contract of takafulinsurance, refusal or reduction of Your claim(s), change of terms or termination of Your contract of takafulinsurance. You also have a duty to tell Us us immediately if at any time after Your contract of takaful insurance has been entered into, varied or renewed with Us us any of the information given in the Proposal Form (or Form(or when You applied for this takafulinsurance) is inaccurate or has changed.

Duty of Disclosure. Consumer Takaful Insurance Contract - Where You have applied for this Takaful Insurance wholly for purposes unrelated to Your trade, business or profession, You had a duty to take reasonable care not to make a misrepresentation in answering the questions in the Proposal Form (or when You applied for this takafulinsurance) i.e. You should have answered the questions fully and accurately. Failure to have taken reasonable care in answering the questions may result in voidance avoidance of Your contract of takafulinsurance, refusal or reduction of Your claim(s), change of terms or termination of Your contract of takaful insurance in accordance with the remedies in Schedule 9 of the Islamic Financial Services Act 2013. You were also required to disclose any other matter that You knew to be relevant to Our decision in accepting the risks and determining the rates and terms to be applied. You also have a duty to tell Us immediately if at any time after Your contract of takaful insurance has been entered into, varied or renewed with Us any of the information given in the Proposal Form (or when You applied for this takafulinsurance) is inaccurate or has changed. Non-Consumer Takaful Insurance Contract - – Where You have applied for this Takaful Insurance wholly for purposes related to Your trade, business or profession, You had a duty to disclose any matter that You know to be relevant to Our decision in accepting the risks and determining the rates and terms to be applied and any matter a reasonable person in the circumstances could be expected to know to be relevant otherwise it may result in voidance avoidance of Your contract of takafulinsurance, refusal or reduction of Your claim(s), change of terms or termination of Your contract of takafulinsurance. You also have a duty to tell Us immediately if at any time after Your contract of takaful insurance has been entered into, varied or renewed with Us any of the information given in the Proposal Form (or when You applied for this takafulinsurance) is inaccurate or has changed.

Duty of Disclosure. Consumer Takaful Contract - Where You have applied for this Takaful wholly for purposes unrelated to Your trade, business or profession, You had a duty to take reasonable care not to make a misrepresentation in answering the questions in the Proposal Form (or when You applied for this takaful) i.e. You should have answered the questions fully and accurately. Failure to have taken reasonable care in answering the questions may result in voidance avoidance of Your contract of takaful, refusal or reduction of Your claim(s), change of terms or termination of Your contract of takaful in accordance with the remedies in Schedule 9 of the Islamic Financial Services Act 2013. You were also required to disclose any other matter that You knew to be relevant to Our decision in accepting the risks and determining the rates and terms to be applied. You also have a duty to tell Us immediately if at any time after Your contract of takaful has been entered into, varied or renewed with Us any of the information given in the Proposal Form (or when You applied for this takaful) is inaccurate or has changed. Non-Consumer Takaful Contract - Where You have applied for this Takaful wholly for purposes related to Your trade, business or profession, You had a duty to disclose any matter that You know to be relevant to Our decision in accepting the risks and determining the rates and terms to be applied and any matter a reasonable person in the circumstances could be expected to know to be relevant otherwise it may result in voidance avoidance of Your contract of takaful, refusal or reduction of Your claim(s), change of terms or termination of Your contract of takaful. You also have a duty to tell Us immediately if at any time after Your contract of takaful has been entered into, varied or renewed with Us any of the information given in the Proposal Form (or when You applied for this takaful) is inaccurate or has changed.

Duty of Disclosure. Consumer Takaful Insurance Contract - Where You have applied for this Takaful Insurance wholly for purposes unrelated to Your trade, business or profession, You had a duty to take reasonable care not to make a misrepresentation in answering the questions in the Proposal Form (or when You applied for this takafulinsurance) i.e. You should have answered the questions fully and accurately. Failure to have taken reasonable care in answering the questions may result in voidance avoidance of Your contract of takafulinsurance, refusal or reduction of Your claim(s), change of terms or termination of Your contract of takaful insurance in accordance with the remedies in Schedule 9 of the Islamic Financial Services Act 2013. You were also required to disclose any other matter that You knew to be relevant to Our decision in accepting the risks and determining the rates and terms to be applied. You also have a duty to tell Us immediately if at any time after Your contract of takaful insurance has been entered into, varied or renewed with Us any of the information given in the Proposal Form (or Form(or when You applied for this takafulinsurance) is inaccurate or has changed. Non-Consumer Takaful Insurance Contract - Where You have applied for this Takaful Insurance wholly for purposes related to Your trade, business or profession, You had a duty to disclose any matter that You know to be relevant to Our decision in accepting the risks and determining the rates and terms to be applied and any matter a reasonable person in the circumstances could be expected to know to be relevant otherwise it may result in voidance avoidance of Your contract of takafulinsurance, refusal or reduction of Your claim(s), change of terms or termination of Your contract of takafulinsurance. You also have a duty to tell Us immediately if at any time after Your contract of takaful insurance has been entered into, varied or renewed with Us any of the information given in the Proposal Form (or Form(or when You applied for this takafulinsurance) is inaccurate or has changed.

Duty of Disclosure. Consumer Takaful Contract - Where Pursuant to Paragraph 5 of Schedule 9 of the Islamic Financial Services Act 2013, if You have applied are applying for this Takaful wholly for purposes unrelated to Your trade, business or profession, You had have a duty to take reasonable care not to make a misrepresentation in answering the questions in the Proposal Form (or when You applied apply for this takaful) i.e. Takaful). You should have answered must answer the questions fully and accurately. Failure to have taken take reasonable care in answering the questions may result in voidance avoidance of Your contract of takafulXxxxxxx, refusal or reduction of Your claim(s), change of terms or termination of Your contract of takaful Takaful. The above duty of disclosure shall continue until the time Your contract of Takaful is entered into, varied or renewed with us. In addition to answering the questions in accordance with the remedies in Schedule 9 of the Islamic Financial Services Act 2013. Proposal Form (or when You were also apply for this Takaful), You are required to disclose any other matter that You knew know to be relevant to Our decision in accepting the risks and determining the rates and terms to be applied. You also have a duty to tell Us immediately if at any time after Your contract of takaful Takaful has been entered into, varied or renewed with Us any of the information given in the Proposal Form (or when You applied for this takafulTakaful) is inaccurate or has changed. Non-Consumer Takaful Contract - Where Pursuant to Paragraph 4(1) of Schedule 9 of the Islamic Financial Services Act 2013, if You have applied are applying for this Takaful wholly for purposes a purpose related to Your trade, business or profession, You had have a duty to disclose any matter that You know to be relevant to Our decision in accepting the risks and determining the rates and terms to be applied and any matter a reasonable person in the circumstances could be expected to know to be relevant relevant, otherwise it may result in voidance avoidance of Your contract of takafulTakaful, refusal or reduction of Your claim(s), change of terms or termination of Your contract of takafulTakaful. The above duty of disclosure shall continue until the time Your contract of Takaful is entered into, varied or renewed with us. You also have a duty to tell Us immediately if at any time after Your contract of takaful Takaful has been entered into, varied or renewed with Us any of the information given in the Proposal Form (or when You applied for this takafulTakaful) is inaccurate or has changed.

Duty of Disclosure. Consumer Takaful Insurance Contract - Where You have applied for this Takaful Insurance wholly for purposes unrelated to Your trade, business or profession, You had a duty to take reasonable care not to make a misrepresentation in answering the questions in the Proposal Form (or when You applied for this takafulinsurance) i.e. You should have answered the questions fully and accurately. Failure to have taken reasonable care in answering the questions may result in voidance avoidance of Your contract of takafulinsurance, refusal or reduction of Your claim(s), change of terms or termination of Your contract of takaful insurance in accordance with the remedies in Schedule 9 of the Islamic Financial Services Act 2013. You were also required to disclose any other matter that You knew to be relevant to Our decision in accepting the risks and determining the rates and terms to be applied. You also have a duty to tell Us immediately if at any time after Your contract of takaful insurance has been entered into, varied or renewed with Us any of the information given in the Proposal Form (or when You applied for this takafulthisinsurance) is inaccurate or has changed. Non-Consumer Takaful Insurance Contract - Where You have applied for this Takaful Insurance wholly for purposes related to Your trade, business or profession, You had a duty to disclose any matter that You know to be relevant to Our decision in accepting the risks and determining the rates and terms to be applied and any matter a reasonable person in the circumstances could be expected to know to be relevant otherwise othe rwise it may result in voidance avoidance of Your contract of takafulinsurance, refusal or reduction of Your claim(s), change of terms or termination of Your contract of takafulinsurance. You also have a duty to tell Us immediately if at any time after Your contract of takaful insurance has been entered into, varied or renewed with Us any of the information given in the Proposal Form (or when You applied for this takafulinsurance) is inaccurate or has changed.

Duty of Disclosure. Consumer Takaful Insurance Contract - – Where You you have applied for this Takaful Insurance wholly for purposes unrelated to Your tradeyourself, business family or professiondependants, You you had a duty to take reasonable care not to make a misrepresentation in answering the questions in the Proposal Form (or when You you applied for this takafulinsurance) i.e. You you should have answered the questions fully and accurately. Failure to have taken reasonable care in answering the questions may result in voidance avoidance of Your your contract of takafulinsurance, refusal or reduction of Your your claim(s), change of terms or termination of Your your contract of takaful insurance in accordance with the remedies in Schedule 9 of the Islamic Financial Services Act 2013. You were also required to disclose any other matter that You you knew to be relevant to Our our decision in accepting the risks and determining the rates and terms to be applied. You also have a duty to tell Us us immediately if at any time after Your your contract of takaful insurance has been entered into, varied or renewed with Us us any of the information given in the Proposal Form (or when You you applied for this takafulinsurance) is inaccurate or has changed. Non-Consumer Takaful Insurance Contract - – Where You you have applied for this Takaful wholly Insurance for purposes related the purpose of providing medical insurance benefits to Your tradeyour employees and their dependants, business or profession, You you had a duty to disclose any matter that You know you knew to be relevant to Our our decision in accepting the risks and determining the rates and terms to be applied and any matter a reasonable person in the circumstances could be expected to know to be relevant otherwise it may result in voidance avoidance of Your your contract of takafulinsurance, refusal or reduction of Your your claim(s), change of terms or termination of Your your contract of takafulinsurance. You also have a duty to tell Us us immediately if at any time after Your your contract of takaful insurance has been entered into, varied or renewed with Us us any of the information given in the Proposal Form (or when You you applied for this takafulinsurance) is inaccurate or has changed.