Question

    The principle of utmost good faith requires:

    A The insurer to assess all risks independently. Correct Answer Incorrect Answer
    B The proposer to disclose all material facts about the proposed risk. Correct Answer Incorrect Answer
    C Both parties to avoid fraud. Correct Answer Incorrect Answer
    D Premium payment in advance. Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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