concealment of information considered to be material to the contract of insurance is violating the principle of?
-
A.
subrogation -
B.
indemnity -
C.
insurable interest -
D.
utmost good faith
Correct Answer: Option D
Explanation
Utmost good faith is a common law principle (sometimes called Uberrimae Fidei). The principle means that every person who enters into a contract of insurance has a legal obligation to act with utmost good faith (honesty) towards the company offering the insurance.