An insured has noted on its insurance application that its restaurant has a wood fireplace,but it has omitted to comment that occasionally escaped sparks can cause a fire risk.Why would the insured be considered as having complied with its duty to disclose?

Question

Quizplus · Accepted Answer

The insurer is expected to be worldly wise, meaning they should have a general understanding of the risks associated with certain features like a wood fireplace in a restaurant, including the potential for sparks to escape and cause a fire.

An Insured Has Noted on Its Insurance Application That Its