A contract of insurance is a contract of ___________________ which is based on utmost good faith.

subrogation

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utmost good faith

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uberrimae fidei

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none of the above

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Solution

The correct option is C
uberrimae fidei

A contract of insurance is a contract of uberrimae fidei which is based on utmost good faith.

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Similar questions

Which of the following is not applicable in life insurance contract?

(a) Conditional contract

(b) Unilateral contract

(d) None of the above

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