Question

What is the role of the declaration in the Proposal Form regarding the principle of utmost good faith?

a.

It ensures the proposer's education qualifications are accurate

b.

It converts the common law principle of utmost good faith to a contractual duty of utmost good faith

c.

It determines the mode of payment of premiums

d.

It provides the details of existing insurance

Answer: (b).It converts the common law principle of utmost good faith to a contractual duty of utmost good faith Explanation:The declaration in the Proposal Form converts the common law principle of utmost good faith into a contractual duty of utmost good faith.

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Q. What is the role of the declaration in the Proposal Form regarding the principle of utmost good faith?

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