Adams & Adams offers an extensive range of specialist
services in the field of insurance law. A multi-disciplinary
approach by our specialists allows us to provide clients with
comprehensive legal advice pertaining to the insurance sector.
The following are common terms that one should familiarise
themselves with should they be requiring the assistance of an
insurance lawyer.
Proposal
The proposal is the offer which is issued by the insurer and
completed by the proposed insured, who assists in the compilation
of the document.
The proposal form is compiled by the insurer based on the
answers to a series of questions posed to the by the proposed
insurer. Using these answers, the insurer will calculate risk and
make a formal offer. The proposal is written under duty of
disclosure, and therefore answers must be accurate and truthful in
order to avoid a breach of contract.
