Reminder:
In insurance arrangement, if the Insured did not disclose or misrepresented any material fact, the
insurance contract will be voidable which the Insurer has the right to void the insurance contract
under Civil and Commercial Code of Thailand, Section 865 and may lead to claims not being met.
‘Material fact’ shall mean any and all information relating to the risk, whether favorable or not, which
would influence the judgment of a prudent Insurer in determining whether to take the risk, and if so,
upon what terms and at what premium.
Reminder:In insurance arrangement, if the Insured did not disclose or misrepresented any material fact, theinsurance contract will be voidable which the Insurer has the right to void the insurance contractunder Civil and Commercial Code of Thailand, Section 865 and may lead to claims not being met.‘Material fact’ shall mean any and all information relating to the risk, whether favorable or not, whichwould influence the judgment of a prudent Insurer in determining whether to take the risk, and if so,upon what terms and at what premium.
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