What must a proposer disclose when applying for an insurance policy?

When applying for an insurance policy, a proposer is required to disclose details related to the insurance being applied for. This includes any relevant facts and circumstances that could affect the insurer's assessment of the risk. Insurers depend on this information to evaluate the proposal accurately and to determine whether to accept the application and under what terms.

Disclosing such information ensures that the insurer can make an informed decision regarding the risk associated with the policy. This obligation not only builds trust between the proposer and the insurer but also aligns with the principles of utmost good faith (uberrimae fidei), which underlie insurance contracts.

In this context, while various other types of information might be relevant during the application process, the specific requirement is to provide full and honest details pertinent to the insurance coverage being applied for.