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 Glossary   >   D   >   "Disclosure" Definition   

        Disclosure

  1. The duty of any person applying for an insurance policy to tell the insurer all relevant information affecting the risk.
  2. The duty of an intermediary to inform his client if commission is being paid (and, if so, how much) in respect of the business being placed.


The providing of all information by a company in accordance with the requirements of a regulatory authority (e.g. the FSA or SEC) or in accordance with a contract.

Disclosure
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Disclosure \

  1. The duty of any person applying for an insurance policy to tell the insurer all relevant information affecting the risk.
  2. The duty of an intermediary to inform his client if commission is being paid (and, if so, how much) in respect of the business being placed.


The providing of all information by a company in accordance with the requirements of a regulatory authority (e.g. the FSA or SEC) or in accordance with a contract.


Disclosure /
  1. the duty of any person applying for an insurance policy to tell the insurer all relevant information affecting the risk.
  2. the duty of an intermediary to inform his client if commission is being paid (and, if so, how much) in respect of the business being placed.


the providing of all information by a company in accordance with the requirements of a regulatory authority (e.g. the fsa or sec) or in accordance with a contract.