Lying about known medical conditions on an insurance proposal form
Not revealing known material facts on an insurance proposal form
Disclosing known material facts at the time of taking the policy
Paying premium on time
✅ The correct answer is C.
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.
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.