Common use of MISSTATEMENT OR OMISSION OF MATERIAL FACT Clause in Contracts

MISSTATEMENT OR OMISSION OF MATERIAL FACT. If: (a) any answer or representation by the Certificate Holder and/or the Person Covered, before this contract of takaful is entered into, varied or renewed, in or to any proposal or declaration or query, has been deliberately or recklessly incorrectly stated in any respect; or (b) before this contract of takaful is entered into, varied or renewed, the Certificate Holder and/or the Person Covered has failed to disclose any fact the Certificate Holder and/or the Person Covered knew to be relevant to Our decision on whether to accept the risk or not and the rates and the terms to be applied; or (c) any claim made shall be fraudulent or exaggerated, or if any false declaration or statement shall be made in support of such claim. then in any of the above cases, this master certificate and/or the Certifiate of Takaful shall be void.

Appears in 1 contract

Samples: Takaful Contract

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MISSTATEMENT OR OMISSION OF MATERIAL FACT. If: (a) any answer or representation by the Certificate Holder and/or the Person Covered, before this contract of takaful is entered into, varied or renewed, in or to any proposal or declaration or query, has been deliberately or recklessly incorrectly stated in any respect; or (b) before this contract of takaful is entered into, varied or renewed, the Certificate Holder and/or the Person Covered has failed to disclose any fact the Certificate Holder and/or the Person Covered knew to be relevant to Our decision on whether to accept the risk or not and the rates and the terms to be applied; or (c) any claim made shall be fraudulent or exaggerated, or if any false declaration or statement shall be made in support of such claim. then in any of the above cases, We reserve the right to terminate this master certificate and/or the Certifiate Certificate of Takaful shall be voidTakaful.

Appears in 1 contract

Samples: Takaful Contract

MISSTATEMENT OR OMISSION OF MATERIAL FACT. If: (a) any answer or representation by the Certificate Holder and/or the Person Covered, before this contract of takaful is entered into, varied or renewed, in or to any proposal or declaration or query, has been deliberately or recklessly incorrectly stated in any respect; or (b) before this contract of takaful is entered into, varied or renewed, the Certificate Holder and/or the Person Covered has failed to disclose any fact the Certificate Holder and/or the Person Covered knew to be relevant to Our decision on whether to accept the risk or not and the rates and the terms to be applied; or (c) any claim made shall be fraudulent or exaggerated, or if any false declaration or statement shall be made in support of such claim. then in any of the above cases, this master certificate and/or the Certifiate Certificate of Takaful shall be void.

Appears in 1 contract

Samples: Consumer Takaful Contract

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MISSTATEMENT OR OMISSION OF MATERIAL FACT. If: (a) any answer or representation by the Certificate Holder and/or the Person Covered, before this contract of takaful is entered into, varied or renewed, in or to any proposal or declaration or query, has been deliberately or recklessly incorrectly stated in any respect; or (b) before this contract of takaful is entered into, varied or renewed, the Certificate Holder and/or the Person Covered has failed to disclose any fact the Certificate Holder and/or the Person Covered knew to be relevant to Our decision on whether to accept the risk or not and the rates and the terms to be applied; or (c) any claim made shall be fraudulent or exaggerated, or if any false declaration or statement shall be made in support of such claim. then Then in any of the above cases, this master certificate and/or the Certifiate of Takaful shall be void.

Appears in 1 contract

Samples: Takaful Contract

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