Singapore Court of Appeal applied the Pan Atlantic approach to marine cargo insurance, affirming that materiality and inducement are both required for avoidance for non-disclosure.
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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