300 Level Department of Insurance exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.
Questions:
a. Differentiate between the doctrine of “caveat emptor” (let the buyer beware) and the principle of “uberrima fides” (utmost good faith).
b. What is a Material Fact?
c. What information need not be disclosed in a contract of motor insurance?
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