Question

What is the main purpose of the principle of utmost good

Q: Answer-What is the main purpose of the principle of utmost good faith in insurance?

The principle of utmost good faith requires both the insurer and the insured to act in good faith and provide accurate and complete information during the insurance contract negotiation process.

faith in insurance?

A To ensure the insurer provides accurate information

B To ensure the insured provides accurate information

C To ensure both parties provide accurate information

D To ensure the insurer makes a profit

Practice Next

More ESIC Part B Questions

Which device is best suited for measuring the temperature inside metallurgical furnaces?
A capacitor of 4 µF is charged to 100 V. It is then connected across an uncharged 2 µF capacitor. Final common voltage is:
Which instrument is used to measure electric current?
If the vector sum of torques acting on a system is zero, then the object is in ________.
Newton's rings can be obtained in:
A car increases its speed from 10 m/s to 30 m/s in 5 seconds. What is its acceleration?
Frequency modulation (FM) changes:
Which of the following is caused due to the Newton’s first law of motion?

I. When a motorcar makes a sharp turn at a high speed, we tend to ...
Which of the following statements is true about energy bands in solids?

Relevant for Exams:

UPSC EO/AO

What is the main purpose of the principle of utmost good

Solution

Relevant for Exams: