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Commerce · Q246

Insurance

Graduate and Post Graduate · Commerce · question 246

Q246

_________ means every party to an insurance contract must disclose all material information.

A.
Insurable interest
B.
Indemnity
C.
Proximity
D.
Uberrima fides
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Uberrima fides means every party to an insurance contract must disclose all material information.