What happens if I don't sign a affidavit/financial disclosure from the other party?

Anonymous
I was involved in a car accident which it was my fault and my insurance asked me to complete affidavit form that was sent by the other party and I would like to know what is the pros and cons if I dont sign the form since its not required to complete the form?
What happens if I don't sign a affidavit/financial disclosure from the other party?
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