Liberty accident insurance ( Castellano )
9. Information when arranging the insurance, withholding or misrepresentation ( Contents )
- This policy has been arranged based on the declarations made by the policyholder, in accordance with the application and questionnaire that he or she submitted to the insurer and which were used for the latter's acceptance of the risk, the undertaking of the contractual obligations derived from it and the establishment of the premium.
- In the event of withholding or misrepresentation of information by the policyholder, the insurer may rescind the policy through a statement addressed to the policyholder or insured within a term of one month from the time it learns of said withholding or misrepresentation. Once the insurer issues this statement, the premiums corresponding to the period underway shall remain in its property, save when there exists wilful misconduct or serious fault on its part.
- Should a claim occur before the insurer has made the declaration explained in the previous paragraph, the benefits it provides will be reduced based on the proportional difference between the premium listed in the policy and that which actually corresponds in accordance with the true nature of the risk. When the withholdiing or misrepresentation is due to wilful misconduct or serious fault on the part of the policyholder, the insurer shall be released from its obligation to pay benefits.
10. Obligation to report additional insurance