Choose the appropriate word/s to complete the sentence below - Leaving Cert Business - Question 3 - 2019
Question 3
Choose the appropriate word/s to complete the sentence below. (Two words do not apply.)
______________ is an insurance principle which states that the insured perso... show full transcript
Worked Solution & Example Answer:Choose the appropriate word/s to complete the sentence below - Leaving Cert Business - Question 3 - 2019
Step 1
Utmost Good Faith
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Answer
Utmost Good Faith is an insurance principle which states that the insured person must voluntarily disclose, accurately and fully, all information relevant to the risk being insured whether requested or not.
Step 2
information
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Answer
The term 'information' pertains to the details that must be disclosed by the insured party, ensuring that all relevant facts about the risk are communicated.
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