Which of the following actions showcases the principle of “uberrima fides”?

A Lying about known medical conditions on an insurance proposal form
B Not revealing known material facts on an insurance proposal form
C Disclosing known material facts at the time of taking the policy
D Paying premium on time

Correct Answer: Disclosing known material facts at the time of taking the policy

Uberrima fides is a Latin phrase, meaning "utmost good faith". This means that all the parties to an insurance contract must deal in good faith, making a full declaration of all the material facts in the insurance proposal.
Bissoy MCQ
#Commerce #Insurance

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