Business Studies, asked by User1234567, 1 year ago

A person is suffering from asthma didn't
disclose this fact while taking a life insurance policy name the principle violated and explain it


Answers

Answered by ankit9095
8

The principle of Utmost Good Faith is also known as Uberrimae Fides. It means that both the policyholder and the insurer need to disclose all material and relevant information to each other before commencement of the contract.

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