Vidyalelo
Commerce · Q729

Insurance

Graduate and Post Graduate · Commerce · question 729

Q729

Duty to disclose arises in which of the following instances?

A.
At the time of taking the policy
B.
At the time of revival of lapsed ins
C.
Both A & B
Answer
D.
None of the above situations

Answer: Option C

Solution

Answer: Option C
Solution:
Duty to disclose arises at the time of taking the policy and at the time of revival of lapsed insurance.