WHAT YOU NEED TO KNOW: Concealment vs. Material Misrepresentation in Insurance Contracts | 30 June 2024

Neglect to communicate that which a party knows and ought to communicate, is called a concealment. (Section 26, Insurance Code of the Philippines)

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Alburo Law
June 30, 2024

In insurance contracts:

  • Neglect to communicate that which a party knows and ought to communicate, is called a concealment. (Section 26, Insurance Code of the Philippines)

  • A representation is to be deemed false when the facts fail to correspond with its assertions or stipulations. (Section 43, Insurance Code of the Philippines)

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