Question

Why does a marine underwriter depend on good faith on the part of others?

a.

Because he never sees the ships and cargoes he insures

b.

Because the number of different types of ship and of cargo is too high

c.

Because the items to be insured are exposed to varied perils

d.

Because he needs to be misled or even defrauded

Answer: (a).Because he never sees the ships and cargoes he insures Explanation:A marine underwriter actually sees very few, if any, of the ships and cargoes that he insures, so he depends very much on good faith on the part of others.

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Q. Why does a marine underwriter depend on good faith on the part of others?

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