ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

  • google app store apple app store
  • тЬЦ

      Question

      In case of ambiguity in policy wording, which rule is

      applied?
      A Utmost good faith Correct Answer Incorrect Answer
      B Contra proferentem Correct Answer Incorrect Answer
      C Fraudulent intent rule Correct Answer Incorrect Answer
      D Principle of indemnity Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Explanation : The rule of "contra proferentem" is applied, which means any ambiguity in the policy wording will be interpreted against the insurer who drafted the policy.

      Practice Next
      More Insurance Awareness Questions
      ask-question