Q. Why are questions in the proposal form for insurance considered material facts?

View solution

Q. In which of the following scenarios do material facts need not be disclosed?

View solution

Q. Which of the following is a situation in which the insured has no obligation to disclose material facts unless specifically asked by the underwriters?

View solution

Q. In the case of insurance contracts, when does the duty to disclose material facts extend?

View solution

Q. When is there no further need to disclose any material facts in a life insurance policy?

View solution

Q. In the case of health insurance, when does the insured need to inform the insurer about health issues?

View solution

Q. What is the term for the situation where the insured is silent about material facts because the insurer has not raised specific inquiries?

View solution

Q. When is non-disclosure considered concealment?

View solution

Q. What is the principle based on which insurance contracts operate, demanding the full disclosure of all material facts by the insured?

View solution

Q. Which of the following is NOT considered a material fact that the insured should disclose in a life insurance proposal?

View solution

Q. In the case of general insurance, what must the insured do at the time of policy renewal if there has been a change in the occupancy of a building?

View solution

Q. When non-disclosure is unintentional and occurs without the intention to deceive, it is referred to as:

View solution

Q. The duty to disclose material facts applies to which party involved in an insurance contract?

View solution

Q. Which of the following is considered a material fact for a motor insurance proposal?

View solution

Q. What is the term for a statement made during the negotiation of an insurance contract, whether it is a statement of fact, belief, intention, or expectation?

View solution

Q. What type of misrepresentation relates to inaccurate statements made without fraudulent intention?

View solution

Q. When does an insurance contract generally become void due to misrepresentation?

View solution

Q. Under what conditions can a Life Insurance policy be called into question on the ground of Fraud by the insurer, as specified in the amended Insurance Act of 1938?

View solution

Q. In case the policyholder is not alive, who bears the onus of disproving fraud in a Life Insurance policy?

View solution

Q. What are the three essential elements of insurable interest?

View solution