Question

In which type of reinsurance, the principle of "uberrima fides" is of utmost importance?

a.

Automatic reinsurance

b.

Facultative reinsurance

c.

Both

d.

None of the above

Answer: (a).Automatic reinsurance Explanation:In automatic (or obligatory) reinsurance, the principle of "uberrima fides" is of utmost importance.

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Q. In which type of reinsurance, the principle of "uberrima fides" is of utmost importance?

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