Kuwait Court of Cassation principle number 2720

Insurance contract. The insured’s duty to state all circumstances known to the insurer at the conclusion of the contract. The insured’s failure or submission of an incorrect statement capable of changing the subject of the risk or diminishing its significance. Its effect. The contract’s susceptibility to annulment. Its condition. Discovery of the truth before the insured risk materializes. - Discovery of the true circumstances of the insured after the insured risk materializes. Its effect. Impermissibility of annulling the insurance contract. The reason therefor. The risk materialized while the contract was in force and the insurer’s obligation to compensate became due for performance. - The appealed judgment’s rejection of the plea of nullity of the insurance contract because the risk materialized while the contract was in force and the insurer’s obligation to pay compensation became due for performance. Correct. Example. - Legal provisions supplementing the contract:-