Select a Scenario, that showcases the Principle of Uberrima Fides.

Related MCQs

• The Inhabitants of Rhodes adopted a Practice, where- by, if Some Goods were lost due to Jettisoning, during Distress, the Owners of Goods (even those who lost Nothing) would bear the Losses in Some Proportion. Which Phenomenon is illustrated, in this Scenario?
• Discover the Scenario, where-in, the Insurer may charge an Extra Premium, to the Insured.
• With Regards to Mis-Statement of Age, Select the Valid Option: I: An Under-Statement of Age, will result in the Original Policy being re-issued, for a Reduced Amount. II: An Over-Statement of Age, will, usually, result in a Refund of Premium-Payment.
• Select the Correct Statement.
• Select the Correct Statement, with Regard to Grace- Period. Choose the Most Appropriate Option.
• In Relation to Life Assurance, Look at the Following Two Statements, and Select the True One(s): I: Age is Material Information, and may affect the Terms of Underwriting. II: If Age is Found to be Different, the Only Effect is on the Premium-Rate.
• Select a Reason, for Discharging a Contract, Under Common Law.
• Select the Option, that is True, with Regard to Term Assurance Plans.
• Non-Traditional Life Assurance Products satisfy a Certain Motive of Many Investors. Select the Most Appropriate Option.
• Select the Factor, that is Linked to the Sum-Assured under a Key-Man Insurance Policy.