Common use of Clear Disclosure Clause in Contracts

Clear Disclosure. When the insurance contract is being established, since the policy wording content is a standard version, the insurer will enclose the standard policy wording, and explain and disclose all the terms and conditions to the policyholder. In particular related to the exclusion clauses in the contract, the insurer will provide clear reminders in the individual application form and policy. There will also be verbal or written explanations about this particular clause. Without that, such exclusion is not enforceable.

Clear Disclosure. When the insurance contract is being established, since the policy wording content is a standard version, the insurer will enclose the standard policy wording, and explain and disclose all the terms and conditions to the policyholder. policyholder In particular related to the exclusion clauses in the contract, the insurer will provide clear reminders in the individual application form and policy. policy There will also be verbal or written explanations about this particular clause. clause Without that, such exclusion is not enforceable.