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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