An insurance broker owes a duty to place risk fairly and in accordance with London market practice, encompassing obligations in the presentation of the risk to underwriters.
insurance
Under Insurance Contracts Act s.54, an insurer cannot refuse a claim on the basis of the insured's breach of duty of disclosure where that breach did not cause or contribute to the loss.
Insurance contract construction follows general commercial contract principles, requiring consideration of text in context and giving effect to the commercial purpose.
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