In the absence of utmost good faith when seeking insurance coverage, this situation is likely to occur
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Question:
In the absence of utmost good faith when seeking insurance coverage, this situation is likely to occur in relation to the insurance company and the pool of exposures?"
i. Explain the insurance principle referred to in the above statement.
Age, Gender and Health are factors one must consider when assessing risk. What is the role of the following factors as key criteria for judging risk, providing insurance coverage and costing that insurance premium? Explain each.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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