concealment of information considered to be material to the contract of insurance is violating the principle of?
A. subrogation B. indemnity C. insurable interest D. utmost good faith
Correct Answer: D
Explanation
Utmost good faith is a common law principle (sometimes called Uberrimae Fidei). The principle means that every person who enters into a contract of insurance has a legal obligation to act with utmost good faith (honesty) towards the company offering the insurance.
