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प्रश्न
Identify the principle of insurance based on the given information:
“The insured and insurer must disclose all relevant information honestly and fully to each other.”
पर्याय
Indemnity
Insurable interest
Mitigation of loss
Utmost good faith
MCQ
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उत्तर
Utmost good faith
Explanation:
Insurance contracts require both parties to disclose all material facts honestly and fully. Failure to reveal important information makes the contract voidable, since insurers rely on full disclosure to assess risk and set premiums.
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