Disclosure in Application - Physician Contract Glossary

Disclosure in Application

Definition

The requirement to provide complete and accurate details on insurance or credentialing applications.

Examples in Context

"Physician must disclose any prior malpractice claims, disciplinary actions, or licensing issues on the insurer's application form."

"Failure to disclose previous litigation may result in termination of coverage or denial of future claims."

Implications for Physicians

• Inaccurate or incomplete information can lead to denial of coverage.
• Omissions may result in rejected malpractice claims or loss of hospital privileges.
• Deliberate misrepresentation may expose you to legal action.

Negotiation Tips

• Double-check all prior malpractice suits or disciplinary actions before signing.
• Request copies of past records to ensure consistency in your disclosures.
• Work with an attorney to review complicated past incidents.

Red Flags and Pitfalls

• Failing to disclose past claims or disciplinary actions can void your malpractice coverage.
• Inconsistent information across applications may delay credentialing or licensing.

Related Terms

• Professional Liability Insurance
• Credentialing and Privileging

FAQs

• "Do I need to disclose lawsuits that were dismissed?"
  • Yes. Disclosing all prior claims, even those dismissed, is crucial for maintaining credibility and preventing coverage issues.
• "Can disclosing old claims increase my premium?"
  • Possibly. However, non-disclosure is riskier and can result in immediate denial of coverage if discovered.
• "What if I forget a minor incident from years ago?"
  • Unintentional omissions are generally less serious than deliberate concealment. Update your application promptly if you realize a mistake.

Legal Disclaimer

The information provided in this glossary is for educational and informational purposes only and should not be construed as legal advice. While we strive to provide accurate and up-to-date information, this content is intended to help physicians better understand common contract terms and does not replace professional legal guidance.

For personalized advice regarding your employment contract or other legal concerns, we strongly recommend consulting with a qualified attorney who specializes in physician employment contracts.

You can find experienced legal professionals through our Physician Contract Lawyer Directory.