concealment of information considered to be material to t...
concealment of information considered to be material to the contract of insurance is violating the principle of?
subrogation
indemnity
insurable interest
utmost good faith
Correct answer is D
Utmost good faith is a common law principle (sometimes called Uberrimae Fidei). The principle means that every person who enters into a contract of insurance has a legal obligation to act with utmost good faith (honesty) towards the company offering the insurance.
An insurance that could be effected with profit feauture is ...
which of the following professionals is an operator in the reinsurance market? ...
The principle of utmost good faith allows the insured ...
A primary function of insurance is the? ...
one of the duties of a loss adjustor is ...