Business Studies, asked by tanyatripathi230859, 7 months ago

the insured is expected to disclose material information related to proposed risk and insurer must clear all the terms and conditions of the insurance. name the principle of insurance ​

Answers

Answered by shamalshinde
0

Answer:

The principle of utmost good faith, uberrimae fidei, states that the insurer and the insured must disclose all material facts before the policy inception.

Facts which may enhance the level of risk are called material facts.

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