Which of the following is NOT correct? When taking out insurance the principle of utmost good faith: Requires the insurance company to handle claims with full and frank disclosure, or in a timely manner Requires the insurer not to misrepresent facts about the policy (or any other facts) that are material to the policy Allows for the voiding of a contract by the insured in the event of fraudulent misrepresentation by the insured Places the highest degree of honesty on both parties None of the responses
Added by Brian M.
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This principle requires both the insurer and the insured to act honestly and disclose all relevant information when entering into an insurance contract. Show more…
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