A. indemnity
B. caveat emptor
C. subrogation
D. uberrimae Fidel
Correct Answer:
Option D – uberrimae Fidel
Explanation
Uberrima fides (sometimes seen in its genitive form uberrimae fidei) is a Latin phrase meaning “utmost good faith” (literally, “most abundant faith”). It is the name of a legal doctrine which governs insurance contracts. This means that all parties to an insurance contract must deal in good faith, making a full declaration of all material facts in the insurance proposal.
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