The term utmost good faith in insurance requires that the insured must
COMMERCE
WAEC 2006
The term utmost good faith in insurance requires that the insured must
- A. make profit from any loss suffered
- B. receive his compensation fully in the event of loss
- C. disclose all relevant facts on what is being insured
- D. pay his premium regularly
Correct Answer: C. disclose all relevant facts on what is being insured
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