Chapter V: Hull, aviation and aviation liability insurance

When the contract is concluded, the insured must accurately declare all the circumstances known to him which are such as to enable the insurer to assess the risk he is assuming. Any omission or misrepresentation in bad faith on the part of the insured which is such as to significantly reduce the insurer’s opinion of the risk, whether or not it has influenced the damage or loss of the insured…

The insured must declare to the insurer, insofar as he is aware of them, any increases in risk occurring during the course of the contract. Any change during the term of the contract, either to what was agreed when the contract was taken out, or to the insured object, which results in a significant increase in risk, will result in the cancellation of the insurance if it is not notified…

The insured must pay the premium and costs at the agreed place and time. Failure to pay all or part of the premium by the due date entitles the insurer either to suspend cover or to request cancellation. Suspension or cancellation does not take effect until thirty days after the insured has been served with formal notice to pay by registered letter to his last address known to the insurer….

The insured must take reasonable care of all matters relating to the aircraft. The insured must contribute to the salvage of the insured objects and take all measures to preserve his rights against the third parties responsible. He/she is liable to the insurer for any damage caused by the non-performance of this obligation resulting from his/her fault or negligence.

The insured must declare any claim of which he/she is aware within the time limits stipulated in the insurance contract. The insurer may provide for a total or partial forfeiture clause if the insured has made an inaccurate claim declaration in bad faith, or if the insured is late in declaring the claim. In the latter case, the insurer must prove that the delay caused it prejudice.