NZ CFS L5 General Insurance Practice Questions - NZ Certificate In Financial Services (Level 5) - General Insurance Strand Exam

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What core common law doctrine requires both the insurer and the insured to act with complete honesty and disclose all material facts during negotiations?

The principle of subrogation The doctrine of utmost good faith (uberrimae fidei) The principle of indemnity The doctrine of proximate cause

Correct Answer:

The doctrine of utmost good faith (uberrimae fidei)

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