Life & Health · Chapter 20 · Marketing Practices
Concealment (Unfair Practice)
Definition
The omission of information that would affect the issuance or the rate of an insurance contract. It is a violation to purposefully conceal relevant information from a consumer, insurer, or any regulatory body.
In plain English
The lie of silence — what you deliberately leave out counts against you like what you say.
Easy to confuse with
These are what this term gets tested against — if you can't tell them apart cold, drill the contrast.
Related terms