concealment of information considered to be material to the contract of insurance is violating the principle of?
A.
subrogation
B.
indemnity
C.
insurable interest
D.
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.
