Insurance contracts are of a special nature: they are known as contracts of utmost good faith. Which of the following is NOT TRUE with respect to a duty to disclose? Question 15 options: 1) An insured has a duty to disclose to the insurer all information relevant to the risk, 2) An insurance company can't deny coverage for nondisclosure if the loss has nothing to do with the matter that was left undisclosed 3) A duty to disclose is an ongoing duty; the insurer must be notified about any change material to the risk 4) If the insured fails in their duty to disclose, the insurer may choose not to honour the policy 5) The duty to disclose includes the insured starting to smoke cigarettes fifteen years after purchasing a life insurance policy as a non-smoker and they may be required to pay the differential in premium costs for the years the insured smoked