Question
Insurance contracts are unique contracts because they are considered at law to be contracts of utmost good faith. Which of the following is a practical
Insurance contracts are unique contracts because they are considered at law to be contracts of utmost good faith. Which of the following is a practical consequence of this unique feature of insurance contracts?
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
a
The insurance company has a duty to disclose to the insured any matter that would affect the insured's decision to enter into the contract.
b
The insurer must not be negligent when advising the insured.
c
The insured has a duty to disclose all information that is material to the risk being insured.
d
The insured has a duty to bring all claims promptly.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started