New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which one of the principles of insurance denotes a

    positive duty of the person seeking insurance to voluntarily disclose accurately and fully?
    A Utmost Fair Faith Correct Answer Incorrect Answer
    B Utmost Good Faith Correct Answer Incorrect Answer
    C Utmost Insurance Faith Correct Answer Incorrect Answer
    D Utmost Liability Faith Correct Answer Incorrect Answer
    E Utmost Social Faith Correct Answer Incorrect Answer

    Solution

    Utmost Good Faith is one of the principles that insurance is based on. It denotes a positive duty of the person seeking insurance to voluntarily disclose accurately and fully, all facts material to the risk being proposed whether requested or not.

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