JAMB - Commerce (2014 - No. 17)
The principle which requires the insurance company to disclose to the proposer all material facts of the risk to be covered is
subrogation
proximate cause
uberrimae fidei
contribution
Explanation
uberrimae fidei) is a Latin phrase meaning "utmost good faith; The principle means that every person who enters into a contract of insurance has a legal obligation to act with utmost good faith towards the company offering the insurance
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