Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Click or tap here to enter text. Question 5 (10 marks) Debra took out an industrial special risks policy that provided coverage for the building

image text in transcribed

image text in transcribed
Click or tap here to enter text. Question 5 (10 marks) Debra took out an industrial special risks policy that provided coverage for the building and the contents of her gift shop. She was embarrassed about a past conviction for fraud and therefore did not disclose this conviction to the insurance company. 4 months later her shop was burgled causing a loss of stock to the value of $10,000 and property damage of $2000. The police who investigated the burglary do not believe that Debra is responsible in any way. in addition, it has been determined that Debra was not negligent in any way. However, Debra's insurer has now discovered her conviction record and has refused to pay her claim. Required: Discuss the duty of disclosure of an insured under the provisions of the Insurance Contracts Act 1984 (Cth). Do you think Debra has complied with those provisions? Do you think the insurance company is entitled to refuse to pay her claim? (10 marks) Click or tap here to enter text

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contract Law Directions

Authors: Richard Taylor, Damian Taylor

8th Edition

0198870590, 978-0198870593

More Books

Students also viewed these Law questions

Question

The relevance of the information to the interpreter

Answered: 1 week ago

Question

The background knowledge of the interpreter

Answered: 1 week ago