Could the insurer rescind the life insurance if I get sick?
The policy excludes claims resulting from illnesses or accidents that were known to the insured before the insurance entered into force and that were not reported to the insurance company in the health questionnaire included in the application for analysis and possible acceptance by the insurance company.
In accordance with Law 50/1980 of 8 October on Insurance Contracts, during the term of the contract the policyholder or the insured must notify the insurance company as soon as possible of any changes in the factors and circumstances declared in this insurance questionnaire that may aggravate the risk and are of such a nature that, if they had been known by the insurance company when executing the contract, the company would not have entered into it or would have issued it under far harsher terms and conditions.
However, in accordance with the same law, in the insurance of people the policyholder or the insured have no obligation to report any changes in the circumstances relating to the insured's state of health, which in no case will be considered an aggravation of the risk.