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Non-disclosure refers to the act of not revealing or withholding information that is relevant. It can occur in various contexts, such as legal agreements, contracts, or situations where there is an obligation or expectation to provide complete and accurate information.
This information may be related to previous claims, prior insurance coverage, or other factors that may affect the risk or premium of the policy.
Non-disclosure of material facts is considered a violation of the duty of utmost good faith, which is a legal requirement in insurance policies. When an insured fails to disclose or provides false information, it can have serious consequences.
If the non-disclosure is discovered by the company after a claim is filed, they may have grounds to deny it or cancel the policy. This is because the insurer relies on accurate and complete information to assess the risk and determine the appropriate premium.
It is important for insured individuals to be honest and transparent during the application process to ensure they receive the coverage they need and to avoid potential problems in the future. Providing accurate and truthful information helps establish a fair and mutually beneficial relationship between the insured and the company.
At PSIC, we protect you and your family. Insurance policies are contracts where trust is crucial. It is a pact between the parties, which is why your word is very important when determining the price and designing your coverage.
We suggest that you inform yourself and seek advice from your producer regarding the non-disclosure clause before purchasing your protection. This guarantees that all relevant information is disclosed to the insurer, allowing for accurate pricing and appropriate coverage.
Transparency and open communication are key in establishing a solid insurance relationship, and we are here to guide you through the process and address any concerns you may have.
As you know, the terminology in the insurance world can be very technical, and mistakes can happen. That’s why we recommend that you seek advice from a producer to provide accurate information throughout the process.
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5515 E. La Palma Ave. Ste. 150, Anaheim, CA 92807
Copyright © McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. 150, Anaheim, CA 92807, License 0K06900 / National Producer No. 17486061 The insurance policy, not the contents of this website, forms the contract between the insured and the insurance company. The policy may contain limits, exclusions and limitations that are not detailed on this website. Coverage may differ by state.
Privacy Notice at Collection for CA employees
Last updated: June 27, 2023
We take the privacy of our employees and applicants very seriously. Please read this notice carefully as it contains important information on the personal information that we collect, why we collect it, how long we keep it, and that it is not sold to third parties.
Other terms used but not defined will have the meaning set forth in the CCPA, as amended by the CPRA, Cal. Civ. Code §§ 1798.100—1798.199.100, and accompanying regulations set forth under Cal. Code Regs. tit. 11, § 7000 et seq.
Categories of Personal Information Collected
Purposes for Collecting and Using Your Personal Information
Managing Human Resource Functions:
Conducting business operations:
Monitoring:
Compliance with:
Investigating:
We will not retain your personal information for longer than necessary for the purposes set out in this notice. Different retention periods apply for different types of personal information.
When it is no longer necessary to retain your personal information, we will delete or anonymize it.