Duty of the → Policyholder’s in the sense of an obligation to provide the insurance company, prior to the conclusion of the contract, with the information relevant to risk assessment and premium classification, together with the insurance application. The pre-contractual duty of disclosure is laid down by law in the → Insurance Contracts Act (VVG) (Section 19 VVG).

Source reference: See the VDT publication “VDT Article Series, Part 5 | Glossary“ and the source cited there.