The insurance principle that requires full disclosure of information on the insured is known as ?
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Correct Answer: Option D
Explanation:
Uberrimae fidei means utmost good faith. It requires the parties to an insurance contract, particularly the proposer, to disclose all material facts that could affect the insurer's decision to accept the risk or determine the terms of the policy.
Uberrimae fidei means utmost good faith. It requires the parties to an insurance contract, particularly the proposer, to disclose all material facts that could affect the insurer's decision to accept the risk or determine the terms of the policy.