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Your search for Annual General Insurance Overview Statistics 2014 resulted in 23 hits
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FAQ
I have been diagnosed with a condition, and through a research study I received a genetic finding which is relevant to my diagnosis. Do I need to tell insurers about the genetic result when disclosing my diagnosis as part of the application process?
No. You only need to answer the questions in the application form. If the form asks you if you have suffered from a specific medical condition, then you need to disclose this regardless of whether there is any genetic component or not. However, you do not need to disclose the genetic test result even though this may be associated with your diagnosis.
For example, if you had previously been diagnosed with breast cancer, and through a research study you discover you have a mutation in the BRCA1/2 genes, you do not need to mention the genetic test result when disclosing your previous diagnosis.
Even if you do (unintentionally) disclose this information to an insurer, the genetic test result would be disregarded by insurance companies and your application would be assessed as if this had not been disclosed. The insurer will not use it to refuse you insurance, charge you a higher premium, or impose conditions on your insurance.
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FAQ
Can I disclose a genetic test result that shows I have not inherited a risk identified in my family?
Yes. If you have a predictive genetic test that is in your favour, you can choose to tell the insurance company as this might help your application. An example is if you have had a test which shows that you haven’t inherited a condition that runs in your family. Individual insurance companies are required to publish information and make it very clear about the way they will use such test results to inform their underwriting decisions. The vast majority of insurers will take into account the results of a voluntarily disclosed genetic test result, provided it is from a reputable source. This often allows them to make a more accurate decision with a better outcome for the applicant.
When filling in an application form, it should usually be clear where you can tell an insurer about a genetic test that shows you have not inherited a risk identified in your family – this may just be a section for extra notes. If it is not clear, insurers will offer the ability ring and speak to an underwriter on the phone, so you can tell them about this information.
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FAQ
What route does an insurer use to access my medical records?
When applying for insurance, should an insurer require further information, the applicant will typically be asked to complete a form that provides their consent for the insurer to obtain relevant medical information from their GP. This is performed in accordance with the Access to Medical Reports Act 1988 (AMRA), which determines how insurers, and other third parties, should request medical information from GPs and must include the explicit consent of the applicant.
AMRA is applicable to Wales, Scotland and England. In Northern Ireland, a request is made under the Access to Personal Files and Medical Reports (Northern Ireland) Order 1991. These two acts give insurers the correct legal route to obtain medical information. More information can be found here.