WHEN CAN THIS POLICY END
7 This Policy will end when any of the following happens: • You ask Us in writing to cancel it. • You fail to pay the Total Premium or any Total Premium instalment within thirty (30) days after the due date for payment. • If We void Your policy from inception as outlined in Clause 8 “Responsibility for Truthfulness” below. 8 When You apply for insurance with AIA New Zealand , You have a legal duty of disclosure to AIA New Zealand . This means that: 1. All the statements that You make to AIA New Zealand (both written and oral) including the answers in: a. the application; b. any claim made by You ; c. any other communication by You with AIA New Zealand ; must be true and correct; and 2. You must disclose everything that You know, or could reasonably be expected to know, that is relevant to AIA New Zealand decision whether: a. to accept Your application for insurance; and b. if AIA New Zealand accepts Your application then on what terms AIA New Zealand will accept it and how much it will cost; or c. to accept Your claim on the insurance policy. 3. This duty of disclosure continues from the time You complete the application until either: a. the Policy Commencement Date or the date AIA New Zealand accepts Your application for insurance, whichever is later; b. AIA New Zealand declines or defers Your application for insurance. 4. You also have the same duty of disclosure to AIA New Zealand at the time that You extend, vary or reinstate Your insurance, and at any time when You make a claim on the Policy of insurance or otherwise communicate with AIA New Zealand . IMPORTANT If You do not comply with Your duty of disclosure, and AIA New Zealand would not have accepted Your application for insurance on the same terms or at the same premium if You had made full disclosure, then AIA New Zealand may: • decline any claim that You make; and/or • alter at any time the terms of any benefits under this Policy ; and/or • remove at any time any benefits under this Policy ; and/or • void Your insurance from inception; and/or • retain all Premiums , policy fees and recover any benefits paid. If You are not sure whether You are to disclose a particular fact, please ask Us or Your Insurance Adviser. 9 The benefit maximums stated in the Policy terms and conditions include Goods and Services Tax (GST) charged by the supplier of the goods or provider of the services.
RESPONSIBILITY
FOR
TRUTHFULNESS
GST
JURISDICTION AND 10
The laws of New Zealand apply to this Policy . The New Zealand courts have exclusive jurisdiction. All monetary amounts referred to in this policy are expressed and payable in New Zealand dollars and include GST.
CURRENCY
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PC-S3HC-04/2022
[AIA – INTERNAL]
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