Multiple Choice
Regarding insurance contracts,utmost good faith is important because
A) insurance records follow the policy holder for life.
B) the insurance company is in a position of superior knowledge.
C) the insured must calculate her or his risks.
D) third parties may be involved-especially with liability policies.
E) without it,there is fraudulent omission.
Correct Answer:
Verified
Correct Answer:
Verified
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