Assam ASSEB HS Class 11-12 Insurance Practice Questions - Assam State School Education Board (ASSEB AHSEC) Higher Secondary Insurance Examination Exam

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Which legal principle of insurance requires both the insured and the insurer to disclose all material facts fully and accurately before entering into an insurance contract?

Principle of Subrogation Principle of Utmost Good Faith (Uberrimae Fides) Principle of Contribution Principle of Causa Proxima

Correct Answer:

Principle of Utmost Good Faith (Uberrimae Fides)

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