Mr Ajai did not disclose that he stores drums of petrol when he took a fire insurance policy. Under which of the following principles will the insurance company reject his claims

By: |Published on: Jul 21|Categories: Commerce WAEC| 0 comments

A. Subrogation
B. Utmost good faith
C. Insurable interest
D. Proximate cost

Correct Answer:

Option B – Utmost good faith

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