The insurance principle which expects the insured and the insurer to disclose all facts about a proposed contract is called?

A. uberrimae fidei
B. indemnity
C. proximate cause
D. insurable interest
E. contribution

Correct Answer:

Option A – uberrimae fidei

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.