The principle of utmost good faith requires the insured to disclose:
A. All material facts related to the insurance application.
B. The amount of premium they are willing to pay.
C. The expected value of the insured property.
D. The reason for applying for insurance coverage.
Answer:A
The principle of utmost good faith requires the insured to disclose:
A. All material facts related to the insurance application. B. The amount of premium they are willing to pay. C. The expected value of the insured property. D. The reason for applying for insurance coverage.