UPMSP Vocational Insurance Practice Questions - Uttar Pradesh UPMSP Intermediate (Class 12) Vocational Insurance - Code 228 Exam

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What legal principle requires both the insurer and the insured to disclose all material facts fully and honestly before a contract is formed?

Principle of Utmost Good Faith (Uberrimae Fidei) Principle of Caveat Emptor (Buyer Beware) Principle of Indemnity Principle of Proximate Cause

Correct Answer:

Principle of Utmost Good Faith (Uberrimae Fidei)

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