Kuwait Court of Cassation principle number 3151

Insurance contract. The insured must state all circumstances known to the insurer at the time of conclusion of the contract. The insured's failure to act or submission of an incorrect statement capable of altering the subject matter of the risk or diminishing its importance. Its effect. The contract is voidable. Its condition. Discovery of the truth before the insured risk materializes. - Discovery of the truth about the insured's circumstances after the insured risk materializes. Its effect. The insurance contract may not be annulled. The reason therefor. The risk materialized while the contract was in existence, and the insurer's obligation to pay compensation became due. - The appealed judgment's rejection of the plea of nullity of the insurance contract because the risk materialized while the contract was in existence and the insurer's obligation to pay compensation became due. Correct. An example.