Confidentiality means that the relevant facts are not disclosed when applying for an insurance policy. This is a violation of the principle of good faith which should be considered in insurance negotiations. A claim cannot be made if the insurer can prove that the policyholder has maintained confidentiality.
This is when customers do not tell the insurer what effect the coverage or the cost of coverage may have on the insurance decision.
Non-disclosure means, A formally signed agreement in which one of the parties agrees to keep certain information confidential. It is often used in business when developing products or projects.
Failure to convey the important facts or circumstances of the insurer or its intermediaries to the client is considered a risk.
Literal Meanings of Non-disclosure
Meanings of Non:
Denial or apparent absence
(Verb added) As not stated.
(Added to form an adjective in a verb) Not provocative or demanding.
Express neutral negative meanings when there is a specific meaning of the appropriate form starting with em or un (e.g. inhuman vs. inhuman).
Sentences of Non
Not the same
Meanings of Disclosure:
Publication of new or confidential information
Synonyms of Disclosure
admission, discovery, release, leak, making known, exposure, unveiling, broadcasting, divulgation, leakage, publishing, divulging, communication, confession, exposé, revealing, uncovering