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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
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Correct Answer: Option C
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now