Common use of Full and Xxxxx Disclosure Clause in Contracts

Full and Xxxxx Disclosure. Upon establishment of the insurance contract, should the insurer have inquiries on relevant conditions regarding the policyholder/insured person, the policyholder should provide full and xxxxx disclosure to the insurer. Should the policyholder fail to perform its obligation of full and xxxxx disclosure by intention or due to material default attributable to influence the insurer’s decision on underwriting the insurance proposal or increasing the premium rate, the insurer is entitled to terminate the contract. Should the insurer fail to exercise the termination right as mentioned above within 30 days upon knowing the cause should be deemed as waiver of such right. Once the establishment of the insurance contract has more than two years, the insurer has no right to terminate the contract. When there is a claim incident, the insurer should pay the claim payment accordingly. Should the policyholder fail to perform its obligation of full and xxxxx disclosure intentionally, the insurer is not liable for any claim payment of the insured incident happened before the termination of the contract, and shall not refund the premium. Should the policyholder fail to perform its obligation of full and xxxxx disclosure due to material default, significantly attributable to the occurrence of the insured incident, the insurer shall not be liable for the claim payment of the insured incident happened before the termination of the contract, but shall refund the insurance premium. The insurer cannot terminate the insurance contract if the insurer is aware of the situation that the policyholder has failed to provide full and xxxxx disclosure upon execution of the contract. If there is an insured incident, the insurer should be responsible for the claim benefit payment.

Full and Xxxxx Disclosure. Upon establishment of the insurance contract, should the insurer have inquiries on relevant conditions regarding the policyholder/insured person, the policyholder should provide full and xxxxx disclosure to the insurer. insurer Should the policyholder fail to perform its obligation of full and xxxxx disclosure by intention or due to material default attributable to influence the insurer’s decision on underwriting the insurance proposal or increasing the premium rate, the insurer is entitled to terminate the contract. contract Should the insurer fail to exercise the termination right as mentioned above within 30 days upon knowing the cause should be deemed as waiver of such right. right Once the establishment of the insurance contract has more than two years, the insurer has no right to terminate the contract. contract When there is a claim incident, the insurer should pay the claim payment accordingly. accordingly Should the policyholder fail to perform its obligation of full and xxxxx disclosure intentionally, the insurer is not liable for any claim payment of the insured incident happened before the termination of the contract, and shall not refund the premium. premium Should the policyholder fail to perform its obligation of full and xxxxx disclosure due to material default, significantly attributable to the occurrence of the insured incident, the insurer shall not be liable for the claim payment of the insured incident happened before the termination of the contract, but shall refund the insurance premium. premium The insurer cannot terminate the insurance contract if the insurer is aware of the situation that the policyholder has failed to provide full and xxxxx disclosure upon execution of the contract. contract If there is an insured incident, the insurer should be responsible for the claim benefit payment.

Full and Xxxxx Disclosure. Upon establishment of the insurance contract, should the insurer have inquiries on relevant conditions regarding the policyholder/insured person, the policyholder should provide full and xxxxx disclosure to the insurer. Should the policyholder fail to perform its obligation of full and xxxxx disclosure by intention or due to material default default, attributable to influence the insurer’s decision on underwriting the insurance proposal or increasing the premium rate, the insurer is entitled to terminate the contract. Should the insurer fail to exercise the termination right as mentioned above within 30 days upon knowing the cause should be deemed as waiver of such right. Once the establishment of the insurance contract has more than two years, the insurer has no right to terminate the contract. When there is a claim incident, the insurer should pay the claim payment accordingly. Should the policyholder fail to perform its obligation of full and xxxxx disclosure intentionally, the insurer is not liable for any claim payment of the insured incident happened before the termination of the contract, and shall not refund the premium. Should the policyholder fail to perform its obligation of full and xxxxx disclosure due to material default, significantly attributable to the occurrence of the insured incident, the insurer shall not be liable for the claim payment of the insured incident happened before the termination of the contract, but shall refund the insurance premium. The insurer cannot terminate the insurance contract if the insurer is aware of the situation that the policyholder has failed to provide full and xxxxx disclosure upon execution of the contract. If there is an insured incident, the insurer should be responsible for the claim benefit payment.

Full and Xxxxx Disclosure. Upon establishment of the insurance contract, should the insurer have inquiries on relevant conditions regarding the policyholder/insured person, the policyholder should provide full and xxxxx disclosure to the insurer. insurer Should the policyholder fail to perform its obligation of full and xxxxx disclosure by intention or due to material default default, attributable to influence the insurer’s decision on underwriting the insurance proposal or increasing the premium rate, the insurer is entitled to terminate the contract. contract Should the insurer fail to exercise the termination right as mentioned above within 30 days upon knowing the cause should be deemed as waiver of such right. right Once the establishment of the insurance contract has more than two years, the insurer has no right to terminate the contract. contract When there is a claim incident, the insurer should pay the claim payment accordingly. accordingly Should the policyholder fail to perform its obligation of full and xxxxx disclosure intentionally, the insurer is not liable for any claim payment of the insured incident happened before the termination of the contract, and shall not refund the premium. premium Should the policyholder fail to perform its obligation of full and xxxxx disclosure due to material default, significantly attributable to the occurrence of the insured incident, the insurer shall not be liable for the claim payment of the insured incident happened before the termination of the contract, but shall refund the insurance premium. premium The insurer cannot terminate the insurance contract if the insurer is aware of the situation that the policyholder has failed to provide full and xxxxx disclosure upon execution of the contract. contract If there is an insured incident, the insurer should be responsible for the claim benefit payment.