Question

What is the principle that the relation between insurer and reinsurer is based on?

a.

Good faith

b.

Bad faith

c.

Trust

d.

None of the above

Answer: (a).Good faith Explanation:The relation between the insurer and the reinsurer is based on the principle of “Uberrima fides”, i.e. utmost good faith.

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Q. What is the principle that the relation between insurer and reinsurer is based on?

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