Duty to disclose
In order for us to provide our services, it is important that:
You always act
with utmost good faith towards us and the insurance companies;
insurance agreement is effected, you disclose all information, facts
and circumstances of which you now, or could reasonably be expected
to know, to be relevant to the risk to be insured. You have the same
duty to disclose those matters to the insurer before you renew,
extend, vary or reinstate a contract of insurance or submit a claim.
Relevant are those information, facts and circumstances, that are
considered by an insurer in his decision whether to accept the
insurance and, if so, at what terms;
You are accurate
when completing and signing any application form and make sure that
all information is complete and correct. In case of doubt about the
relevance of information, you should disclose it.
It is important that you comply
with the Duty of Disclosure. In case of failure, the insurer may be
entitled to reduce his liability under the contract in respect of a
claim or may cancel the contract.
Check and keep records
Insurance policies are important documents and you are required the
safely archive them. You could need them to submit a claim, which in
some cases, can be long after the expiry date of the policy.
A full copy of the policy wording
has been issued or will be submitted to you as soon as it is received
from insurers. It is absolutely essential that you read this document
without delay and advise us immediately of any aspects that are not
clear or where the cover does not meet your requirements.
Payment of premiums
and other expenses
You should pay the premium and other expenses due within the agreed term
of payment in the invoiced currency. In case the premium has not been
received within the agreed term can jeopardize the validity of the
We will endeavour only to place insurance risk with an insurer that is
solvent. However, Talisman Insurance Brokers cannot and does not
guarantee the solvency or continued solvency of any insurer or its
ability or willingness to pay claims, return premiums or meet its other
The remuneration for our services usually consists of a commission and
is usually included in the insurance premium, unless specifically agreed