The principle which requires the insurance company to disclose to the proposer all material facts of the risk to be covered is
-
A.
subrogation -
B.
proximate cause -
C.
uberrimae fidei -
D.
contribution
Correct Answer: Option C
Explanation
uberrimae fidei) is a Latin phrase meaning “utmost good faith; The principle means that every person who enters into a contract of insurance has a legal obligation to act with utmost good faith towards the company offering the insurance