Bia Bangladesh Practice Test & Exam Prep

A rule that requires the insurer to pay the claim regardless of the policy exclusions if the insured acted in good faith A mutual duty of both the insurer and the insured to disclose all material facts before the contract is finalized A condition that permits the insured to change the terms of the policy unilaterally after paying the premium A statutory protection that prevents the insurer from questioning the valuation of the property after a claim is lodged