Question 44
InsuranceThe term 'utmost good faith' in insurance requires that the insured must
- A.not make profit from any loss suffered
- B.receive his compensation fully in the event of loss
- C.disclose all relevant facts on what is being insured
- D.pay his premium regularly
Show the answer and explanation
Answer: C (disclose all relevant facts on what is being insured)
Explanation
Utmost good faith requires full disclosure of material facts.