P/L/53. Insurers and insured: legal issues of insurance contracts

The paper studies insurance contracts focusing on the risks involved in the concealment of information. Material disclosure and test of materiality are discussed. Illustrations of the protection given to insurers by courts are supplied. The paper concludes that there is an urgent demand for a reform to protect the position of the insured. The recommendations of the National Consumer Council (NNC) on the duty of disclosure are outlined.