Five years ago, Fraser purchased an income protection policy. Last month he made a claim against the policy after he was injured in a whitewater rafting accident. When he completed his original application, he omitted an answer to a question about his medical history, which is not related to his current injury or pastimes.

The insurance company:

Question $5$Answer

Will apply a reduction in the amount of claim paid because he missed a question in the application

Would be unable to reduce his claim as the accidental non$-$disclosure occurred more than three years ago

Will review his original application because he has breached the three$-$year rule and the insurance company may cancel the policy

Will void the claim because he missed a question and they would consider this to be fraudulent non$-$disclosure