{ "item_title" : "Information Disclosure", "item_author" : [" Julie-Anne Tarr "], "item_description" : "A comprehensive examination of the critical balance that must be maintained to ensure that consumers receive adequate information about the insurance cover they are acquiring while retaining a system of fair information procedures to protect the insurer from excessive or extraordinary risk.An insurance contract is one of the most significant documents an average consumer signs in the course of his or her adult life. It defines the scope and measure of protection available to the policyholder should the risk eventuate. Insurers similarly view the information supplied during contract negotiations as critical. As it provides a basis for assessing the risk inherent in issuing the policy, failure to disclose information fully and accurately can skew calculation of the risk level inherent in the deal and of the appropriate premium payable. For this reason, insurance contracts have traditionally been treated as a special category of business dealing. Unlike standard contracts based on caveat emptorlet buyers bewareinsurance contracts bind both insurers and consumers to a higher duty of honesty and good faith in their dealings with each other. Failure to fully disclose information that may affect an insurer's calculation of risk in taking on the contract can potentially, therefore, result in the valid rejection of a policy holder's claim. Given the potentially devastating consequences claim denial carries for policy holders, Information Disclosure outlines the current legal regulatory framework governing this area and assesses its capacity to provide a just and efficient set of standards for the exchange of this information in the precontracting stage.", "item_img_path" : "https://covers4.booksamillion.com/covers/bam/0/59/517/015/0595170153_b.jpg", "price_data" : { "retail_price" : "24.95", "online_price" : "24.95", "our_price" : "24.95", "club_price" : "24.95", "savings_pct" : "0", "savings_amt" : "0.00", "club_savings_pct" : "0", "club_savings_amt" : "0.00", "discount_pct" : "10", "store_price" : "" } }

Overview

Customers Also Bought

Details