Question

Uberrimae fidei means
a) Principle of utmost good faith
c) Principle of indemnity
(b) Principle of insurable interest
(d) Principle of subrogation​

Answer 1

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. 2. Facts which may enhance the level of risk are called material facts. ... This principle applies to both life insurance and general insurance policies.

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Answer 2

Answer:

A

Explanation:

Uberrimae fidies is a latin phrase meaning "utmost good faith".it is the name of a legal doctrine which governs insurance contracts.This means that all parties to an insurance contract must deal in good faith,making a full decoration all material fact in the insurance proposal